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Originally Posted by mykalberta
How would taxpayers suffer though? Are their different corporate tax rules if you are a company HQ in a province compared to just a subsiduary?
It should have never gotten this far. If Potash is so important to Sask then why didnt they put in a poison pill when they first divested it from a crown corp?
I think its bad precedence for any resource company looking to cash out from a takeover. Cons had to do it, once every political party showed their hand you could see this coming.
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That's actually a really interesting question, it's possible they have a poison pill but BHP was going to be able to acquire sufficient shares to block the triggering. I don't know a lot about Canadian M&A, but the state of poison pills under Delaware law is in a bit of flux in regards to just how far a board can go when blocking takeover bids. Potentially any pill present here was left relatively weak out of fears of it being voided altogether at some point in the future. Then again, maybe a pill wasn't inserted out of a belief that a takeover would be blocked in the manner that this one has so far.