bhp
Potash Rejects BHP's $38.5 Billion Hostile Takeover Offer
Potash Corp. of Saskatchewan Inc. said Monday that its board voted unanimously to reject BHP Billiton's hostile $38.5 billion takeover offer as it doesn't reflect the strong growth the company believes it is poised to enjoy.
Why an M&A Boom Could Be Just Around the Corner
Fears of an economic slowdown have sent stocks reeling and bonds soaring. With companies sitting on record piles of cash and easy credit available, this may lay the foundation for a potential mergers and acquisitions boom -- and help revive equities.
BHP Billiton Goes Hostile With Bid for Potash
BHP Billiton isn't going down without a fight. A day after fertilizer giant Potash rejected its takeover offer, the giant mining company has taken its $40 billion bid directly to Potash shareholders.
Australia Raises Interest Rates Again
As Australia continues to show strong signs of an economic recovery driven largely by Chinese demand for natural resources, its central bank raised interest rates for the fourth time since October. The Reserve Bank of Australia's key cash rate now stands at 4%.
