Anglo-Teck Deal Clears Canada’s National Security Test, Globe Reports

The Canadian government has cleared Anglo American Plc’s proposed takeover of Teck Resources Ltd. on national security grounds, the Globe and Mail reported, removing one hurdle for the two companies to combine.

The government’s initial security review period for assessing whether proposed foreign takeovers of Canadian critical minerals companies has lapsed without an extension, meaning the deal by default has been cleared on that basis, the Globe reported, citing a person it didn’t identify.