Deals
BHP’s Potash Bid May Win Regulator Approval, Credit Suisse Says
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BHP Billiton Ltd., seeking to buy Potash Corp. of Saskatchewan Inc. for $40 billion in a hostile takeover, may receive regulatory approval from Canada and the U.S. with some conditions, Credit Suisse Group AG said, citing lawyers it didn’t name.
“Our U.S.-based anti-trust expert thought this deal should be approved with little difficulty,” Credit Suisse analysts led by Paul McTaggart said today in a report. The bid conditions include Canadian and U.S. competition and foreign investment approvals, BHP has said.