EuroWeek View: Was BHP’s blocked bid a one-off?
Bankers had better hope that protectionism is not here to stay. BHP Billiton’s banks had their worst fears confirmed on Monday when the company aborted its $39bn bid for PotashCorp. But rivals will hardly be gloating. Instead, they will hope that the Canadian government’s decision to block a foreign takeover will not be copied by other governments.
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