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    market news

    Feds Were Warned about Potash Takeover

    Investing News Network
    Jun. 27, 2011 08:19PM PST
    Potash Investing

    Global BC reported that Canada’s federal government had documentation to indicate that selling Potash Corp. (NYSE:POT) to BHP (NYSE:BHP) could cause the government to lose revenue.

    Global BC reported that Canada’s federal government had documentation to indicate that selling Potash Corp. (NYSE:POT) to BHP (NYSE:BHP) could cause the government to lose revenue.

    The market news is quoted as saying:

    Premier Brad Wall, who waged a high-profile campaign to block the deal, has estimated the province would lose between $3- to $6-billion in revenue over the course of a decade if PotashCorp were sold.

    To read the full market news, click here.

    market newsnyse:bhpnyse:potcanadapotash corp
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