Globalization pundits have long been warning of a reverse tide - of wealth, tech, assets and ownership following population patterns. In other words, the era of asia as an economic powerhouise is among us. And precisely at a time when the old elite - the west and Japan - are ageing and slowing down.
Expect more buyouts, takeovers, bold moves etc from the emerging titans and tycoons in Asia, specifically India.
There've already been a few of v high profile Indian buyouts of big European firms (all ignored by the US media, btw). The steady influx of capital, the falling dollar etc have now reached a point where the buyout trend has finally reached N American shores. So it begins....
You do realize what's going on here -- if this deal goes through, $6 billion will be transferred from India to Canada.
Somehow this is supposed to be bad... for North Americans?