BHP Potash bid blocked

The Canadian Government has denied BHP Billiton’s bid for Potash Corp.

The Canadian Government has denied BHP Billiton’s bid for Potash Corp.
Investment Canada released a statement saying that the hostile takeover of the world’s largest potash supplier would not provide a “net benefit” for Canada.
However, despite this rebuff, BHP still has the opportunity to revive the deal in the next 30 days by contesting the decision.
 

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