Deals
Wall Seeks Saskatchewan Resolution Asking for Potash Rejection
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Saskatchewan Premier Brad Wall’s government will introduce a motion in the legislature asking the federal government to reject BHP Billiton Ltd.’s $40 billion hostile offer for Potash Corp. of Saskatchewan Inc. on concern that it would harm the province.
The proposed takeover “presents too many risks to the people of our province and fails to provide a net benefit to Saskatchewan and Canada,” Wall said in the text of a so-called Throne Speech, which opened a new legislative session today. The speech didn’t give a timeframe for debate on the motion.