Queen's University

BHP/Potash decision

2010-11-22

Queen’s University professors Roger Ware and Louis Gagnon are available to discuss the potential takeover of Potash Corp. of Saskatchewan by Australian company BHP Billiton. Minister Tony Clement is expected to announce today whether or not the government will allow the takeover.

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“Canada engages in more foreign investment outside the country than the purchase by foreigners of Canadian assets,” says Professor Ware. “It’s not clear that there is anything to lose here for Canada. In general, every study has shown that Canada gains, not loses, as a result of foreign investment. A purchase by a Chinese government owned entity might present more of a concern.”

Dr. Ware is a Professor of Economics and has been providing consulting services in the competition and regulation area since 1993. He holds a Ph.D. in Economics from Queen’s University, and his research interests include industrial organization and public economics. Dr. Ware has provided expert consulting in some of Canada's most prominent contested Competition cases.

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“The minister's decision will be driven by political considerations,” says Professor Gagnon. “At the end of the day, whether this deal goes through or not, Potash Corporation will be a foreign controlled Canadian operating company and the Government of Saskatchewan will remain the sole owner of this natural resource.”

Professor Gagnon, who speaks English and French, is a professor in the Queen’s School of Business and an expert on capital markets and risk-management. He holds a Ph.D. in Finance from the University of Toronto. Dr. Gagnon's research is published in leading academic journals including the Journal of Financial Economics and the Journal of Financial and Quantitative Analysis.

To arrange an interview, please contact Kristyn Wallace at (613)533-6000 ext 79173 or (613)331-0939 kristyn.wallace@queensu.ca or Michael Onesi at (613)533-6000 ext 77513 michael.onesi@queensu.ca, News and Media Services, Queen’s University.

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