Deals
BHP Resumes Buyback, Abandons $40 Billion Potash Bid
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BHP Billiton Ltd., the world’s largest mining company, resumed a share buyback after abandoning its hostile $40 billion takeover offer for Canada’s Potash Corp. of Saskatchewan Inc. in the face of government opposition.
BHP will purchase $4.2 billion of its shares under a $13 billion buyback program suspended in 2007, the Melbourne-based company said today in a statement.