Shares of Potash Corp. were down Thursday after Canada blocked BHP Billiton’s bid to buy the company, and it appears unlikely that the government, focused on protecting national assets, will change its mind.
Co…
BHP Billiton (BHP) and Rio Tinto (RIO) gave up on plans to form the world’s biggest iron-ore exporter, citing regulatory requirements.
Regulators in Asia and Europe wanted the companies to implement changes, including asset sales, that the companies could not accept, Bloomberg News said. The regulators were worried that the deal would limit competition.
BHP and Rio, the world’s…
Continue reading BHP, Rio Scrap Plans to Form World’s Biggest Iron Ore Exporter
BHP, Rio Scrap Plans to Form World’s Biggest Iron Ore Exporter originally appeared on DailyFinance on Mon, 18 Oct 2010 07:00:00.
Filed Under: Company News, Technology
Sinochem Group may be unable to bid for Potash Corp. (POT), as the Chinese company is struggling to get state backing for the move.
The Chinese government has said it would prefer that the bid not be financed by credit from state banks, Bloomberg New…
Dendreon’s Provenge, which targets prostate cancer, catapulted that company’s stock to record highs recently. Prima Biomed’s CVac works similarly, but it has the potential to target multiple forms of cancer, giving the company …
BHP Billiton (BHP) will lodge a motion intended to remove a legal obstacle to its $39 billion hostile takeover bid for Potash Corp (POT).
BHP said it plans to file a motion challenging a lawsuit filed by Potash Corp., which alleges that BHP misrepresented material facts related to the bid.
BHP will file its motion in the next few days, Reuters reported.
Potash Corp. rejected BHP…
Continue reading BHP Will Lodge Motion to Remove Legal Obstacle to Potash Bid
BHP Will Lodge Motion to Remove Legal Obstacle to Potash Bid originally appeared on DailyFinance on Fri, 01 Oct 2010 07:44:00.
Filed Under: Company News, Investing, Green, Stocks in the News