Potash Slams Gov't Report Lauding $40B BHP Offer

Law360, New York (October 5, 2010, 12:24 PM EDT) -- Potash Corp. of Saskatchewan Inc. on Tuesday ripped a report commissioned by the province of Saskatchewan that urged approval of BHP Billiton Ltd.'s $40 billion hostile takeover offer for the fertilizer giant.

Potash's board of directors said the Conference Board of Canada underestimated the potential costs of the merger. In its report released Monday, the Conference Board predicted at least a $2 billion provincial revenue drop over the next 10 years with little to no impact on employment.

“The [b]oard of [d]irectors of PotashCorp would encourage...
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