BHP bid can’t overcome strategic concerns: Wall

TORONTO (BestGrowthStock) – Saskatchewan Premier Brad Wall said on Friday he can’t see any way to overcome “strategic concern” by adding conditions to BHP Billiton’s (BHP.AX: ) hostile takeover bid for Potash Corp (POT.TO: )

Wall, speaking in Toronto, opposes the $39 billion bid, citing concerns about losing strategic control of the crop nutrient mined in Saskatchewan, and worries about the loss of revenue and jobs.

Ottawa is scheduled to decide by Wednesday whether it will allow BHP’s bid to proceed.

(Reporting by Pav Jordan; editing by Rob Wilson)

BHP bid can’t overcome strategic concerns: Wall