Canada aims for quick decision on BHP-Potash deal

OTTAWA, Nov 1 (BestGrowthStock) – Canada aims to decide quickly
whether to approve or block BHP Billiton’s (BHP.AX: ) $39 billion
takeover bid for Potash Corp (POT.TO: ), Industry Minister Tony
Clement said on Monday.

Clement told reporters he was in the final stages of
deliberations on the proposed deal. “A decision must be taken
as soon as possible,” he said.

Clement must judge whether the deal would be of “net
benefit” to Canada, as loosely defined in Ottawa’s foreign
investment laws. He said last week he would deliver a decision
by midnight on Wednesday, Nov. 3 (0400 GMT Nov 4).
(Reporting by Louise Egan; editing by Rob Wilson)

Canada aims for quick decision on BHP-Potash deal