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Saskatchewan’s Wall Says Any Mosaic Bid Wouldn’t Trigger Review
Feb. 24, 2011 03:11PM PST
Potash InvestingSaskatchewan Premier Brad Wall, who opposed BHP Billiton Ltd.’s $40 billion bid for Potash Corp. of Saskatchewan Inc., said any offer for Potash’s largest rival Mosaic Co. (NYSE:MOS) was unlikely to result in a similar review by Canada.
Saskatchewan Premier Brad Wall, who opposed BHP Billiton Ltd.’s $40 billion bid for Potash Corp. of Saskatchewan Inc., said any offer for Potash’s largest rival Mosaic Co. (NYSE:MOS) was unlikely to result in a similar review by Canada.
The market news is quoted as saying:
“I was asked what if BHP or anyone else was interested in another potash company?” Wall said today at an industry event in London. “Mosaic is a major player. Its parent is Cargill, an American company. I don’t think it would even trigger a review by the national government.”