Foreign takeovers of Canadian-owned businesses continue to happen. One of the biggest foreign takeovers in Canadian history a number of years ago, triggered a great concern among many Canadian observers that there is a "hollowing out" of corporate Canada. That takeover was by Rio Tinto, a mining company from Britain, that completed a $38-billion (U.S.) deal to buy the 105-year-old Canadian aluminum maker Alcan Inc. (headquartered in Montreal). The deal made Alcan a subsidiary of Rio Tinto - a global company headquartered in Britain (and Australia). Some critics have suggested that the loss of control of Alcan was very bad for Canada. Those opposed to these foreign takeovers argue that Canadian business is losing control and independence to foreign countries. Consequently, there has been concern that the Canadian government should try to curtail this foreign takeover trend before Canadian is transformed completely into a "branch plant economy".
Based on the text material, describe five factors that may likely have pushed/ pulled Rio Tinto to go global (i.e. to Canada)?

Question

Quizplus · Accepted Answer

The Answer of Foreign takeovers of Canadian-owned businesses continue to happen. One of the biggest foreign takeovers in Canadian history a number of years ago, triggered a great concern among many Canadian observers that there is a "hollowing out" of corporate Canada. That takeover was by Rio Tinto, a mining company from Britain, that completed a $38-billion (U.S.) deal to buy the 105-year-old Canadian aluminum maker Alcan Inc. (headquartered in Montreal). The deal made Alcan a subsidiary of Rio Tinto - a global company headquartered in Britain (and Australia). Some critics have suggested that the loss of control of Alcan was very bad for Canada. Those opposed to these foreign takeovers argue that Canadian business is losing control and independence to foreign countries. Consequently, there has been concern that the Canadian government should try to curtail this foreign takeover trend before Canadian is transformed completely into a "branch plant economy".
Based on the text material, describe five factors that may likely have pushed/ pulled Rio Tinto to go global (i.e. to Canada)?

Foreign Takeovers of Canadian-Owned Businesses Continue to Happen