Canada says will rule on BHP’s Potash bid soon

OTTAWA, Oct 29 (BestGrowthStock) – The Canadian government will
announce whether BHP Billiton (BHP.AX: ) can proceed with hostile
takeover bid for Potash Corp (POT.TO: ) “in the not too distant
future”, Prime Minister Stephen Harper said on Thursday.

His comments indicate that Ottawa — due to make its ruling
public by Nov. 3 — will not exercise the option of seeking a
30 day extension beyond that date.

Harper, responding to pressure from opposition legislators
to block the bid, said anti-market views were not in the best
interest of the Canadian economy and vowed that Ottawa would
evaluate the bid fairly.
(Reporting by David Ljunggren; editing by Rob Wilson)

Canada says will rule on BHP’s Potash bid soon