Canada considers a tougher takeover law

first_imgSunday 7 November 2010 9:06 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comGloriousaCouple Had Their Home Demolished Because Of ThisGloriousa Show Comments ▼ whatsapp Canada considers a tougher takeover law Sharecenter_img whatsapp CANADA is considering toughening up its foreign investment rules in the wake of its rejection BHP Billiton’s bid for Saskatchewan company Potash Corp last week. Industry minister Tony Clement, who said last week that BHP Billiton’s $39bn (£24.7bn) hostile bid for Potash did not deliver a net benefit to the country, said in an interview yesterday: “The prime minister and I both feel the process worked very well in the review of the BHP bid… There are some points of view out there that are worth looking at.”Clement said the review of the Investment Canada Act was not a direct result of the BHP offer, and told the Financial Times he was open to suggestions of how to deal with potential “delinquent investors” in the future. He added that the government would look at ways to compel foreign companies to provide concessions such as jobs and technology for the country. Canada’s foreign investment law, which was used to block a deal for the second time in 25 years last wrrk, currently applies to takeovers where the target company’s assets are worth more than C$299m (£184.7m).UK-listed BHP Billiton has said it would continue to work with the government to iron out the problems standing in the way of a takeover. KCS-content Tags: NULL Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wraplast_img read more

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