Jones Day and Cleary Gottlieb Steen & Hamilton have secured lead roles on BHP Billiton's $40bn (£25.6bn) hostile bid for the Potash Corporation of Saskatchewan, writes the Am Law Daily. Potash rejected the mining giant's unsolicited offer on Tuesday (17 August), with BHP today (18 August) confirming a hostile bid at $130 (£83) a share for the Canadian-based company, which is the world's largest producer of fertiliser.
August 18, 2010 at 05:06 AM
1 minute read
The original version of this story was published on Legalweek
Slaughter and May, Jones Day and Cleary Gottlieb Steen & Hamilton have secured lead roles on BHP Billiton’s $40bn (£25.6bn) hostile bid for the Potash Corporation of Saskatchewan, writes the Am Law Daily.
Potash rejected the mining giant’s unsolicited offer on Tuesday (17 August), with BHP today (18 August) confirming a hostile bid at $130 (£83) a share for the Canadian-based company, which is the world’s largest producer of fertiliser.
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