BHP Backs out of Potash Bid
Potash – BHP Billiton’s (NYSE:BHP) bid for Potash Corp. of Saskatchewan (NYSE:POT) is officially dead in the water.
Potash – BHP Billiton’s (NYSE:BHP) bid for Potash Corp. of Saskatchewan (NYSE:POT) is officially dead in the water.
Potash – Reuters reports that shareholders of Potash Corp. of Saskatchewan Inc. need complete information about BHP Billiton Ltd.’s plans.
Potash – It is now up to Canada’s Federal Government to decide on whether BHP’s bid for Potash Corporation of Saskatchewan will move forward.
Iron Investing News reports BHP Billiton, in its attempt to acquire Rio Tinto Group in a hostile takeover bid, experienced another delay. European Union regulators are seen by many as the largest roadblock to BHP’s success in acquiring Rio. The Commission’s investigation began in July amidst concerns that the deal would result in higher prices [...]
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