# Canada blocks BHP Potash Bid

**URL:** <https://forums.speedlife.net/t/canada-blocks-bhp-potash-bid/205550>\
**Category:** PolitiSUCK\
**Created:** [November 3, 2010, 7:54pm UTC](https://forums.speedlife.net/t/canada-blocks-bhp-potash-bid/205550 "2010-11-03T19:54:14Z")\
**Posts on this page:** 4\
**Page:** 1

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**Author:** ![bing](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bing/32/7211_2.png) [@bing](https://forums.speedlife.net/u/bing)\
**Post date:** [November 3, 2010, 7:54pm UTC](https://forums.speedlife.net/t/canada-blocks-bhp-potash-bid/205550/1 "2010-11-03T19:54:14Z")

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[reuters](http://www.reuters.com/article/idUSTRE69S47P20101104)

> Canada blocked BHP Billiton’s $39 billion bid for Potash Corp, saying the deal would not benefit the nation, and offered only the slimmest of a chances of accepting a modified offer.
> 
> The rejection on Wednesday shocked BHP investors who are now betting on the global miner returning capital through a share buyback. It also puts pressure on BHP Chief Executive Marius Kloppers who failed to secure two previous big deals.
> 
> “I can confirm that I have sent a notice to BHP Billiton indicating that, at this time, I am not satisfied that the proposed transaction is likely to be of net benefit to Canada.”

i get the message it sends to foreign investors but Canada has enough pluses that this wont have much of a negative impact.

keep more shit Canadian…

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**Author:** ![fiend540](https://avatars.discourse-cdn.com/v4/letter/f/bcef8e/32.png) [@fiend540](https://forums.speedlife.net/u/fiend540)\
**Post date:** [November 4, 2010, 5:02am UTC](https://forums.speedlife.net/t/canada-blocks-bhp-potash-bid/205550/2 "2010-11-04T05:02:45Z")

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I bet most of the forum doesn’t even know what potash is

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**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\
**Post date:** [November 4, 2010, 9:19am UTC](https://forums.speedlife.net/t/canada-blocks-bhp-potash-bid/205550/3 "2010-11-04T09:19:46Z")

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Can’t you guys just use maple leaves as fertilizer? You put them on everything else :lol:

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**Author:** ![bing](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bing/32/7211_2.png) [@bing](https://forums.speedlife.net/u/bing)\
**Post date:** [November 4, 2010, 5:44pm UTC](https://forums.speedlife.net/t/canada-blocks-bhp-potash-bid/205550/4 "2010-11-04T17:44:56Z")

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[Reuters](http://www.reuters.com/article/idUSTRE69S47P20101104)

Reuters commentary, negative for Canada. A lot of good insight in there.