Is there a Parallel?? I would very much appreciate a comment from those more knowledgeable on Canadian Ownership concerns as in the case of Saskatchewan Potash sale to Australian BHP? Here are some sample comments from a complete article on the proposed Sask Potash you can read at:
https://www.cbc.ca/news/canada/story/2010/10/01/f-vp-newman.html
"Saskatchewan Premier Brad Wall has asked the Conference Board of Canada to assess the potential sale of the Potash Corp. of Saskatchewan to the giant Australian mining company BHP Billiton.
He says he needs the outside input before he can decide whether his government should recommend the sale be approved by Ottawa."
if Canada is to be an important country in the decades ahead, it should have important companies in some of the world's key strategic sectors.
Think of the fates of Inco and Falconbridge, once big players in the international nickel market, now foreign owned. The same with aluminum maker Alcan.
Why, too, you might ask, can't Canadian businessmen be the acquirers, not the sellers.
Sometimes, it seems, and this may be more prevalent in the oil patch and mining sector than elsewhere, the business plan for Canadian entrepreneurs is to develop companies to a certain critical size, and then sell them off to foreign buyers.
So, regardless of who makes the stronger bid, the answer from both Ottawa and Saskatchewan should be the same: "Sorry. No sale."