Canada expects BHP to announce Potash decision first

WINNIPEG, Manitoba (BestGrowthStock) – Ottawa will inform BHP Billiton of its decision on whether to allow the Anglo-Australian miner’s takeover bid for Potash Corp to proceed before it releases the decision publicly, a spokesman for Prime Minister Stephen Harper said on Wednesday.

BHP is expected to announce the government’s decision on its $39 billion Potash bid before the Canadian government’s official announcement, which will be after 8:30 p.m. (2030 GMT).

(Reporting by Rod Nickel; editing by Peter Galloway)

Canada expects BHP to announce Potash decision first