Tuesday, September 28, 2010
For readers who are following our posts (here and here) on BHP Billiton’s hostile bid for Potash, you should take a look at this post by the Deal Professor which considers the possible steps that Potash can take to deter BHP. There is a lot of uncertainty in this transaction, including a host of regulatory and political issues. For now, Potash’s sideshow litigation is moving along in U.S. federal court. Potash has the opportunity to at least drag this out a bit with a ruling allowing the discovery process to proceed.