Deals
Clement Says Canada Explaining Potash Decision to BHP
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Canadian Industry Minister Tony Clement said the government is explaining to BHP Billiton Ltd. why it rejected the company’s $40 billion bid for Potash Corp. of Saskatchewan Inc.
“We have a process that involves a statutory requirement to explain our decision to them, so we’re in the process of doing that,” Clement told reporters today in Peterborough, Ontario. “They have a right to say what they think and that process is ongoing,” he said, adding that BHP “absolutely” demanded more details on his decision.