BHP Billiton notes announcement by Canadian Minister of Industry
BHP Billiton has noted the announcement by the Canadian Minister of Industry Mr Tony Clement that he is not satisfied at this time that the BHP Billiton offer to acquire all of the issued and outstanding common shares of Potash Corporation of Saskatchewan Inc together with any associated rights issued and outstanding under the PotashCorp Shareholder Rights Plan is likely to be of net benefit to Canada.
BHP Billiton was upped to buy from hold at UBS, which upgraded its commodity forecasts.