Deals
Mining Mergers Will End in Tears for Shareholders: Matthew Lynn
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Almost every day brings news of another mega-deal in the mining and resources industry.
BHP Billiton Ltd. makes a $40 billion bid for Potash Corp. of Saskatchewan Inc. Vedanta Resources Plc pays $8.4 billion for a controlling stake in the oil driller Cairn India Ltd., while Korea National Oil Corp. offers 1.87 billion pounds ($2.9 billion) for U.K. exploration company Dana Petroleum Plc.