ST Alpha - "I cant see the Federal Government allowing this to go through with such opposition...." (Reading a Post)

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In response to "Saskatchewan Provincial politicians vote unanimously to oppose the sale of Potash Corp -- (link)" by Beaker

I cant see the Federal Government allowing this to go through with such opposition....

Posted by Walt_Disney (aka Walt_Disney) Oct 29 '10, 06:38

I know that from an ideological perspective the Feds hate to deny a takeover bid, but I think in the face of such opposition from many sectors and no real benefit to Canada, they will deny it.

Responses:

this is my thinking too, NB is worried as well as they have a mine here as well -- nm - Beaker Oct 29, 06:41 7
- If I were a potash miner, I wouldn't be worried at all. This is about who controls a strategic asset that is forecast to take off in value, not - Roger More Oct 29, 06:47 6
  - they're putting 2 billion into a new mine, who knows what happens with a takeover...plus "about those management positions, yeah all gone" -- nm - Beaker Oct 29, 06:56 5
    - BHP Billiton want to buy the company to mine more potash, not less. It's not like, say, a takeover of a factory where the new owners can - Roger More Oct 29, 07:05 4
      - The protectionism is gob-smackingly ridiculous. - Name Withheld By Request Oct 29, 07:30 3
        
        potential cost to Saskatewan of a couple billion dollars (up to $10) is serious cash.... -- nm - Beaker Oct 29, 07:33 2
        
        First, that number is seriously torqued. Second, not approving the deal could cost a lot more in terms of foreign invesment. - Name Withheld By Request Oct 29, 07:44
        
        It's not as though a new owner would stop paying taxes or royalties. -- nm - Roger More Oct 29, 07:41

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I cant see the Federal Government allowing this to go through with such opposition....

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