Potash fight hits home

BHP Billiton's $38.6-billion bid to take over Potash Corp. has reverberated around the world—and particularly in Canada. Old fears of prominent Canadian companies being bought out by foreign companies and then closed or shrunk, as well as Canada losing control of its natural resources, have re-emerged. In addition, there are worries the loss of Potash Corp. could hurt Canada's food security. In the meantime, shares in the company have skyrocketed.

Published: Wednesday, 08/25/2010 12:00 am EDT

BHP Billiton's $38.6-billion bid to take over Potash Corp. has reverberated around the world—and particularly in Canada. Old fears of prominent Canadian companies being bought out by foreign companies and then closed or shrunk, as well as Canada losing control of its natural resources, have re-emerged. In addition, there are worries the loss of Potash Corp. could hurt Canada's food security. In the meantime, shares in the company have skyrocketed.

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