ANALYST VIEWS: WHERE DO YOU SEE THE BHP BID FOR POTASH GOING? November 1, 2010 CHARLIE GIBSON | EDISON MINING The challenge will be on the PR front, and how Canadians view BHP. Canada doesn’t have a bad record when it comes to protectionism, and the fact that BHP is an Anglo-American company can only help. TOM GIDLEY-KITCHIN | CHARLES STANLEY The decision tomorrow is the crucial point. If the [...]
BHP fights for a Potash deal October 31, 2010 BHP BILLITON faces a crucial week in its fight to buy Potash Corp, with the Canadian government and US courts deciding whether to allow its $39bn (£24.7bn) hostile offer to proceed. Potash attempted to goad BHP into raising its $130 a share bid at the weekend in a Canadian court filing, claiming it was “very [...]
Advances from BG Group and Shell help lift the FTSE 100 October 28, 2010 BRITAIN’S top share index pushed higher yesterday, helped by a rally in heavyweight commodity issues, notably oil major Royal Dutch Shell, whose third-quarter results beat market expectations. The FTSE 100 ended up 31.87 points, or 0.6 per cent, at 5,677.89, recovering after it reached its lowest closing level since 5 October on Wednesday. Energy issues [...]
Takeover target Potash smashes profit expectations thanks to strong demand October 28, 2010 PotasH, the world’s top fertiliser maker, steamrolled quarterly earnings expectations yesterday, on the back of stronger potash demand and higher prices for its nitrogen and phosphate-based nutrients. The Canadian fertiliser maker is currently battling a $39bn (£24.4bn) hostile bid from mining giant BHP Billiton. Potash Corp has flatly rejected BHP’s bid and launched a lawsuit [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 27, 2010 FINANCIAL TIMES SOUTH AFRICA STILL A DRAG ON ANGLO AMERICAN Anglo American, the mining company, is finding it hard to escape its South African roots despite its efforts to become a cosmopolitan corporate citizen. An array of risks in South Africa, the source of 41 per cent of operating profits last year, is having an [...]
BHP ploughs on in Potash court battle October 27, 2010 THE LEGAL tussle between mining group BHP Billiton and takeover target Potash moved several steps closer to an end yesterday, as Canadian regulators set a date for their hearing and the US courts heard more about Potash’s objections to the takeover. The Saskatchewan securities regulator said it will hear BHP’s challenge to Potash’s “poison pill” [...]
BHP ploughs on in Potash court battle October 27, 2010 THE LEGAL tussle between mining group BHP Billiton and takeover target Potash moved several steps closer to an end yesterday, as Canadian regulators set a date for their hearing and the US courts heard more about Potash’s objections to the takeover. The Saskatchewan securities regulator said it will hear BHP’s challenge to Potash’s “poison pill” [...]
CAR TALK October 26, 2010 REBUILDING SAAB’S BRAND This is Saab’s new 9-4X, its new crossover car that will be shown at November’s Los Angeles Auto Show. Size-wise, it will sit between the existing 9-3 and 9-5 saloons and it’s an important car for Saab as it rebuilds its brand. With a turbocharged 2.8-litre V6 petrol engine and four-wheel drive, [...]
BHP’s Potash bid hearing on 8 Nov October 26, 2010 Saskatchewan’s securities regulator will hear BHP Billiton’s challenge to Potash Corp’s shareholder rights plan on 8-9 November, assuming the federal government allows BHP’s $39bn bid to proceed. In documents filed with the Saskatchewan Financial Services Commission, BHP seeks to suspend the rights plan, an anti-takeover defense known as a “poison pill”.
BHP’s Potash bid hearing on 8 Nov October 26, 2010 Saskatchewan’s securities regulator will hear BHP Billiton’s challenge to Potash Corp’s shareholder rights plan on 8-9 November, assuming the federal government allows BHP’s $39bn bid to proceed. In documents filed with the Saskatchewan Financial Services Commission, BHP seeks to suspend the rights plan, an anti-takeover defense known as a “poison pill”.