Premier Brad Wall of Saskatchewan publicly questioned Monday whether a foreign takeover of Canada's Potash of Saskatchewan is good for his province or Canada after meeting with BHP Billiton's chief executive. Canadian Prime Minister Stephen Harper also said foreign takeovers are not automatically approved. Australia's BHP Billiton Ltd. launched a hostile takeover bid last month after Potash directors rejected its offer, and Chinese state-owned companies are also interested in a rival bid.
September 21, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The premier of Saskatchewan publicly questioned Monday whether a foreign takeover of Canada’s Potash of Saskatchewan is good for his province or Canada after meeting with BHP Billiton’s chief executive.
Premier Brad Wall’s remarks come as Canadian Prime Minister Stephen Harper said in Parliament on Monday that he spoke to Wall about his concerns. Harper said foreign takeovers are not automatically approved.
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