Glencore bids $5.49 billion for Viterra..another Potash Corp?

Glencore seems to be very aggressive since it listed. Announcing a deal for Xstrata and now Viterra. Wondering if this deal will be another Saskatchewan failure like Potash Corp.

For readers who did not follow the Potash Corp deal, in year 2010, BHP Billinton made a $40 billion dollar hostile bid for Potash Corp, the world's largest fertilizer company. However the federal government blocked the deal stating that it does not bring "net" benefit to the country. The local Saskatchewan policy makers are against it as well.

I guess Glencore will find themselves in a similar situation as BHP soon. Its no longer easy for them to find big targets to takeover. Policy makers will be on alert whenever they are associated with a takeover and attract more scrutiny unless the targets are small and innocuous.