Potash Corp’s Troubles with ICL Takeover Reminiscent of BHP in 2010

The Globe and Mail reported that there is a certain irony for PotashCorp, who is currently battling with the government of Israel for their proposed takeover of ICL, in that the very economic force that is creating difficulty for them now was what helped to block BHP’s takeover of them in 2010, when the Canadian government decided that the move was not to Canada’s economic benefit.

As quoted in the market report:

Yair Lapid, the new Israeli Finance Minister, has gone so far as to say that a takeover by Potash would be “an un-Zionist act.” Such an opinion as applied to a Canadian company presents a striking contrast with the Canadian government’s emphatic support for Israel, expressed in Prime Minister Benjamin Netanyahu’s invitation to John Baird, the Minister of Foreign Affairs, to help revive the Middle East process; Mr. Baird has described himself as a “true believer.

To view the whole Globe and Mail report, click here.