Comments on: Report report report, Potash edition http://blogs.reuters.com/felix-salmon/2010/10/05/report-report-report-potash-edition/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: CDN_finance http://blogs.reuters.com/felix-salmon/2010/10/05/report-report-report-potash-edition/comment-page-1/#comment-19099 Wed, 06 Oct 2010 06:19:32 +0000 http://blogs.reuters.com/felix-salmon/?p=5655#comment-19099 This is a hostile bid… as far as I know no substanstial portion of shareholders have or will tender to this lowball offer. BHP has had it’s eye on Potash Corp since the silly season of 2008 when potash price were stratospheric and Kloppers is trying desperately to make a big deal after he got embarassed in the Rio Tinto fiasco.

Furthermore, I don’t really think that the CDN govt will allow the bid to go through even if it had support – they killed a big takeover of an aerospace firm earlier this year.

And lastly… what a shock that the WSJ is doing shite reporting – good ol Rupert out selling sensational headlines. Woe is me WSJ, outshone by the G&M and CDN AP.

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By: tippygolden http://blogs.reuters.com/felix-salmon/2010/10/05/report-report-report-potash-edition/comment-page-1/#comment-19093 Wed, 06 Oct 2010 00:26:35 +0000 http://blogs.reuters.com/felix-salmon/?p=5655#comment-19093 I don’t get it.

Why would the Canadian government allow the sale of the world’s largest fertilizer producer when there is increasing global population and food shortages outside North America and Europe?

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By: hsvkitty http://blogs.reuters.com/felix-salmon/2010/10/05/report-report-report-potash-edition/comment-page-1/#comment-19092 Wed, 06 Oct 2010 00:25:06 +0000 http://blogs.reuters.com/felix-salmon/?p=5655#comment-19092 Good reporting!

This is all happening near my hometown turf as well and Potash brings employment to the town and Province. I hope that no matter what happens that is not going to change.

The revenue loss is going to be a big hit, but as always, it is relative. Seeing such a low figure compared the the enormous sums they write about … the WSJ possibly cannot fathom how that might make a difference (or didn’t/can’t read) but it surely will.

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By: MaggiesFarmboy http://blogs.reuters.com/felix-salmon/2010/10/05/report-report-report-potash-edition/comment-page-1/#comment-19080 Tue, 05 Oct 2010 17:29:14 +0000 http://blogs.reuters.com/felix-salmon/?p=5655#comment-19080 Having been born and raised in Regina, I’m just happy that the foreign press spelled the place names correctly, for a change. We live in the only G8 country that regularly has its capital city misspelled, as the NYT did today:

http://schott.blogs.nytimes.com/2010/10/ 04/disposophobia/?scp=1&sq=ottowa%5D&st= Search

More seriously, it’s interesting to recall that Don Argus, former chairman of BHP Billiton, back in 2008 said that “Canadian policies [which encourage foreign takeovers of mining companies] are a worst-case scenario.” Canada, he said, has lost more head offices that any other country and had already been reduced to “branch office” status.

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By: MitchW http://blogs.reuters.com/felix-salmon/2010/10/05/report-report-report-potash-edition/comment-page-1/#comment-19079 Tue, 05 Oct 2010 16:09:18 +0000 http://blogs.reuters.com/felix-salmon/?p=5655#comment-19079 “I don’t know about you, but my reading of this chart says that tax revenues will decline over the short, medium, and long term if BHP buys Potash Corp.”

That’s the beneficial part! Starve the beast, Felix.

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