Potash Corp

BHP scraps bid for Potash Corp

BHP-BillitonIn an event that took many market watchers by surprise, one of the top global miners, BHP Billiton announced its decision to scrap its $39 billion bid for Canada's Potash Corp.

It is to be mentioned here that it was expected to be the world's biggest deal this year but as the global mine major eventually decided to return cash to its investors with a $4.2 billion share buyback, it made its way to the history books.

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