Reuters is reporting that the BHP takeover of Potash is estimated by an independent report commissioned by the Saskatchewan government to cost the province at least C$2B over 10 years in royalties and taxes.
POT is trading up this morning to approx 144.30 (or +1.2%), presumably because the report suggests little or no change in the employment landscape in Saskatchewan as a result of the takeover (thus making gov't approval more likely). Also this morning, BHP asked the US court to dismiss the lawsuit filed by Potash.
I continue to believe that it is unlikely that BHP will be successful in its bid for Potash. The bid has turned hostile and so has the protectionist rhetoric coming from Brad Wall and the Canadian province's government.
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