Teck being watched by biggest miners as possible target, Bloomberg says

Teck Resources (TECK), which exited its coal business with a sale this month to Glencore Plc, is drawing attention from some of the biggest miners in the industry because of its attractive copper assets, sources told Bloomberg’s Jacob Lorinc, Mariana Durao, Dinesh Nair and Thomas Biesheuvel. Teck is seen as a logical merger partner in particular for Anglo American (NGLOY) or Vale‘s (VALE) base-metals business and both have studied the specifics of a potential deal internally, according to the report. Larger rivals including BHP (BHP), Rio Tinto (RIO) and Freeport-McMoRan (FCX) are also watching closely and could be in a position to respond if another player made the first move for the Canadian miner, the report added. Shares of Teck are up 5.75% in New York after the news.