The Canadian Press

2010-11-03 | PotashCorp BHP

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Ottawa rejected a nearly 40 billion dollar takeover bid by BHP Billiton to buy Saskatchewan's PotashCorp. Industry Minister Tony Clement made the decision November 3rd after reviewing the blockbuster deal to see if it would be of "net benefit" to Canada under the Investment Canada Act. (Potash Corp. of Saskatchewan is the world's biggest producer of potash, a key component used in fertilizer.)

Date: 2010-11-03
Placeline: OTTAWA, Ontario.
Source: The Canadian Press
Length: 9 seconds

Transcript Prediction: << I've come to the conclusion that BHP Billiton bid does not present a likely net benefit to Canada >>


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