bid tests Canada's takeover rulesUnder the Investment Canada Act, a foreign purchase of a domesticcompany must provide a “net benefit” to the country. Such acquisitionscan also be subject to a national-security test, particularly if thepurchaser is a state-owned enterprise, which could come into play if aChinese company joins the takeover battle for Potash.
The Harper government, burned by what it believes was the failure ofcompanies such as U.S. Steel and Vale SA to keep promises about Canadianjobs, is warning potential acquirers of Potash Corp. they'll be held tothe commitments they make in order to satisfy federal scrutiny offoreign bids.
https://www.theglobeandmail.com/globe-investor/potash-bid-tests-canadas-takeover-rules/article1676473/