Following Potash Corp. Rejection, BHP Billiton Will Look To Sweet The Deal

The Canadian government has indicated that it will move to block BHP Billiton's BHP acquisition of Potash Corporation POT, but will not render a final decision for 30 days, Dahlman Rose & Co. reports. “We anticipate that BHP will look to sweeten its tax, royalty and investment offerings in order to make the deal more palatable to the Canadian government,” Dahlman Rose & Co. writes. BHP Billiton BHP currently trades at $139.90; Potash Corporation POT trades at $90.04.