The Canadian government has blocked mining giant BHP Billiton’s hostile takeover bid for the fertiliser group Potash Corporation.
The government said it was not convinced that the deal was in the Canadian interest.
BHP said it was “disappointed” with the decision, but believed that the deal would benefit Canada.
BHP now has 30 days to convince Canada the deal should be approved before the government makes its final ruling.
See http://www.bbc.co.uk/news/world-us-canada-11680181.