Slayer4000X2008
That guy from Canada
- Reaction score
- 23
Tony Clement was celebrating his 50th birthday in an Ottawa restaurant Tuesday evening when news of the merger between the TMX Group, operator of the Toronto Stock Exchange, and the London Stock Exchange began to break. The Industry Minister is a teetotaller but the prospect of another contentious foreign takeover must have had him reaching for the bottle.
Mr. Clement undermined his own reputation as a free marketer last fall when he blocked BHP Billiton’s $39-billion bid for fertilizer company, Potash Corp. of Saskatchewan because the deal didn’t provide “net benefit” to Canada. In the days that followed, he promised that he would reveal details on how he intended to interpret the “net benefit” provision in the Investment Canada Act. “I know potential foreign investors and Canadian enterprises are seeking greater clarity,” he said. Yet those details never did come — perhaps because greater clarity could have encouraged more pesky takeovers.
More Here.
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Sorry for the title mess up, didn't notice until after I posted the topic.
Mr. Clement undermined his own reputation as a free marketer last fall when he blocked BHP Billiton’s $39-billion bid for fertilizer company, Potash Corp. of Saskatchewan because the deal didn’t provide “net benefit” to Canada. In the days that followed, he promised that he would reveal details on how he intended to interpret the “net benefit” provision in the Investment Canada Act. “I know potential foreign investors and Canadian enterprises are seeking greater clarity,” he said. Yet those details never did come — perhaps because greater clarity could have encouraged more pesky takeovers.
More Here.
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Sorry for the title mess up, didn't notice until after I posted the topic.
