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Saskatchewan says Conference Board of Canada will review PotashCorp bid

September 2, 2010 | CP story

REGINA - Saskatchewan's Energy and Resources minister says the Conference Board of Canada will conduct an independent analysis of a proposed takeover of PotashCorp (TSX:POT).

Bill Boyd says the board will provide a report identifying the risks and opportunities the development presents.

He says in news release that the report will include an assessment of what governments can do to lower risk and increase opportunities.

Australian miner BHP Billiton (NYSE:BHP) has launched a hostile US$38.6 billion, or US$130-per-share, takeover bid for Saskatoon-based PotashCorp.

PotashCorp has roundly rejected the bid as too low, but a sweetened offer or white-knight bidder has yet to emerge.

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