Description:Â Mining giant BHP Billiton went on the attack Wednesday, saying it will take its nearly $39 billion takeover bid for Potash Corp. straight to shareholders after the fertilizer firm’s board spurned the offer as grossly inadequate.
Questions for discussion:
- What are the arguments favoring the acquisition of Potash Corp.?
- What value would you put for Potash Corp. today?
- What concerns does the financial management of BHP Billiton have as it moves ahead with this and other acquisitions?