Investing
Canadian Government Blocks BHP Billiton Bid For Potash, Hurts Shareholders
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The Canadian government blocked BHP Billiton’s (NYSE: BHP) $39 billion takeover of Potash (NYSE: POT), which is based in Saskatchewan
The move will likely severely damage Canada’s reputation as an open capital market. It will also cause Potash shares to plunge from their current level of $150 to just about $100 where they traded before the buyout offer.
Douglas A. McIntyre
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