The Globe and Mail reports in its Saturday edition that Anglo American's $20-billion deal to acquire Canada's Teck Resources has won the blessing of a major proxy advisory firm. The Globe's Jameson Berkow writes that Glass, Lewis & Co. endorsed the proposed transaction in a report Friday, citing a better long-term growth profile for the combined company -- to be called Anglo Teck -- than Teck could achieve on its own. The report said the all-stock deal would allow existing Teck shareholders to participate in future upside. The report added that Anglo's willingness to relocate its headquarters to Vancouver once the deal closes would help reduce the risk of it being blocked. The report said, "Although the merger entails regulatory, political and execution risks, these risks are customary for a cross-border transaction of this scale and are addressed, in part, through the commitments and undertakings negotiated by the parties." Anglo has also offered to maintain a secondary stock listing in Canada while keeping its primary listing on the London Stock Exchange. It also structured its proposal in a way that would allow Canadian investors in Teck to defer capital gains taxes on the transaction for as many as 15 years.