14 Sep 2025 | 5 Mins Read
Teck's founder sought Anglo merger too late
Flipitmoney
Norman Keevil Jr., 87-year-old founder of Teck Resources Ltd., rejects a $23 billion takeover by Glencore Plc to keep the company Canadian. Keevil, who controls the company, pushed through a merger with London-based Anglo American Plc, creating a $60 billion company and one of the world's top copper producers, with Teck's headquarters remaining in Canada.