MERGER talks between Anglo American with Teck Corporation got serious only two months ago, according to the UK miner’s CEO Duncan Wanblad. For instance, Anglo and Teck have both in the last two years fended off unsolicited takeover attempts (Glencore for Teck and BHP for Anglo); and both companies are restructuring that could leave them vulnerable to renewed takeovers. Anglo Teck, as the new company is to be named, will be headquartered in Vancouver with Wanblad occupying the CEO’s seat. This, as well as an undertaking by Anglo Teck that it will invest in Canada, are critical elements in protecting the proposed merger from interloper risk. But the prospect of Anglo Teck helps the market put shape to Wanblad’s strategy once the restructuring is finally complete.