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Thursday, October 21, 2010

Ahead of the Potash vote (NYSE:POT)

The Canadian government will make voice its opinion in approximately two hours concerning the decision to allow BHP Biliton to go ahead with its hostile takeover of $39 billion.

Earlier in the week, Saskatchewan announced that it is against the Potash Corp takeover since it will take away from the province's much needed tax revenue.

BHP Biliton is trying to address the concerns of Saskatchewan and the Canadian government. But will it be enough to get Steven Harper's vote? Stay tuned for more information as the countdown to the official decision on November 3rd continues.