A takeover of Potash Corp. by BHP Billiton could cost Saskatchewan $1.96 billion over 10 years, a report says, but it warns the Canadian province against opposing the miner’s bid for the world’s largest fertilizer producer.
Potash Corp. shares jumped about 2 percent in Toronto on Monday after the report was released, suggesting that investors see it as increasing the likelihood that BHP’s $39 billion hostile takeover bid will succeed.
Saskatchewan, the Canadian province where Potash Corp. is based, commissioned the report the Conference Board of Canada, a nonprofit research organization.
