The Globe and Mail reports in its Wednesday edition that Anglo American's $20-billion (U.S.) acquisition of Canada's Teck Resources has been approved by shareholders on both sides of the deal. The Globe's Niall McGee writes that investors at London-based Anglo and Teck met in separate meetings on Tuesday and voted decisively in favour of the transaction. The nil-premium all-stock deal was announced in September. Dating back to 1913, Teck is one of Canada's biggest and oldest mining companies, with domestic and international operations in copper, zinc, lead and germanium. In British Columbia, Teck operates the Highland Valley copper mine and the Trail smelter. Results from Teck's meeting showed that 89.7 per cent of the company's Class B shareholders voted in favour of the deal. Anglo shareholders voted 99.2 per cent in favour. Anglo shareholders also approved the change of the company's name to Anglo Teck. Receiving shareholder support at both companies removes a big impediment, but several layers of regulatory approvals are still needed before the deal can close. Anglo said that navigating all the red tape could take up to 18 months. Anglo has promised to move its global headquarters to Vancouver from London.