Anglo American Near Deal to Acquire Teck Resources

Anglo American Plc is nearing a deal to acquire Canada’s Teck Resources Ltd. in what could be the biggest mining deal in more than a decade — and just over a year since Anglo was subject to a takeover bid itself.

London-listed Anglo American is in advanced talks on a potential purchase of Teck Resources and could announce a transaction as early as this week, according to people familiar with the matter, who asked not to be identified because the information is private. Teck shares jumped more than 20% in post-market trading in New York.