Investing
Canadian Government Blocks BHP Billiton Bid For Potash, Hurts Shareholders
Published:
Last Updated:
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
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.