Soleil's Gulley Interview on BHP's Bid for Potash

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Aug. 19 (Bloomberg) -- Mark Gulley, an analyst at Soleil Securities Corp., talks about BHP Billiton Ltd.'s $40 billion bid for Potash Corp. of Saskatchewan Inc. and the outlook for further merger and acquisition activity in the commodities industry. BHP, the world’s biggest miner, got $45 billion of funding to back its hostile takeover bid for Potash in the largest debt issue since it agreed to a $55 billion loan to acquire Rio Tinto Group. The Melbourne-based miner will seek to refinance the loans in the corporate bond market, in which U.S. investment-grade yields have fallen to a record low. Gulley speaks from New York with Bloomberg's Phillip Yin. (Source: Bloomberg)


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