Inside these posts: Hostile takeovers

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NYSE snub helps rival bid: Ex-CBOT executive

NYSE Euronext’s speedy rejection of a bid from Nasdaq OMX Group Inc and IntercontinentalExchange Inc could play into their hands, a veteran of the last bidding war for a U.S. exchange said. Get the full story »

Nasdaq and ICE not walking away from NYSE bid

Nasdaq OMX Group and IntercontinentalExchange Inc are not going to walk away from their bid for NYSE Euronext, despite the NYSE board’s rejection of the unsolicited offer, according to people familiar with the matter. Get the full story »

Nasdaq bid for NYSE could come this week

Nasdaq OMX Group Inc is preparing an offer for NYSE Euronext and the bid could come as early as this week, the Wall Street Journal reported on Monday, citing people familiar with the matter.

CME Group says it’s focusing on ‘organic growth’

CME Group's offices at 30 S. Wacker Drive in Chicago, Feb 14, 2011. (Nancy Stone/Chicago Tribune)

CME Group Inc. said it remains committed to “organic growth” in derivatives trade, following speculation that the Chicago company may launch a rival bid for NYSE Euronext.

CME, one of the world’s largest operators of futures and options markets, was reported Monday to be exploring a possible offer for the Big Board parent, which is in advanced merger talks with Germany’s Deutsche Börse AG, with Nasdaq OMX Group Inc. as a potential partner in such a deal.

NYSE Euronext owns the NYSE Liffe derivatives market, which is strong in Europe. Get the full story »

CME Group said to be interested in NYSE

Chicago-based CME Group is considering horning in on merger talks between the New York Stock Exchange owner and a stock exchange in Germany, according to reports.

CME, which employs about 2,000 in Chicago, is considering a strategic response to the impending takeover of the Big Board by Deutsche Boerse AG. Get the full story »

Court to rule on Potash injunction request

A U.S. court will rule on Potash Corp.’s request for a preliminary injunction against unsolicited suitor BHP Billiton ahead of the November 18 deadline on the Anglo-Australian miner’s $39 billion tender offer, Judge David Coar said on Monday. Get the full story »

Potash: Shareholders need details on BHP plan

From Bloomberg | A lawyer for Potash Corp. of Saskatchewan Inc., the world’s biggest fertilizer company, say the company’s shareholders need more information about BHP Billiton Ltd.’s plans to acquire the company or to compete against it.

Canada lets slip one reason for blocking BHP bid

Canada’s farm minister offered one reason that Canada blocked the proposed takeover of Potash Corp. on Thursday, but markets will have to wait a month for all the details to emerge.

Farm Minister Gerry Ritz, in comments his office later said were just speculation, argued that letting BHP Billiton buy the fertilizer giant would have offered Australia’s farm sector too much of an advantage. Get the full story »

Canada blocks BHP-Potash deal

The Canadian government on Wednesday blocked BHP Billiton’s $39 billion bid for Potash Corp., the world’s biggest producer of a key crop nutrient, halting what had been the world’s biggest takeover attempt this year and sending Potash Corp. shares tumbling.

Ottawa said the Anglo-Australian miner’s takeover bid offered no likely net benefit to the country as required by Canadian law. BHP has 30 days to make additional representations to the Canadian government before the decision is final. Get the full story »

Canada insists no decision yet on BHP’s Potash bid

Canada insisted on Tuesday it has made no decision yet on BHP’s $39 billion offer for Potash Corp., even as two newspapers said bureaucrats were advising the government to allow the bid and rumors swirled in the markets that Ottawa would block it. Get the full story »

Provinces mount pressure on Canada over Potash

Saskatchewan lined up more support for its attempt to overturn a hostile bid for provincial crown jewel Potash Corp. on Friday, increasing political pressure on the Canadian government to reject the deal.

Industry Minister Tony Clement must decide by midnight November 3 whether to approve the $39 billion bid from Anglo-Australian mining giant BHP Billiton. Get the full story »

Potash Corp. profit tops expectations

Potash Corp., the world’s top fertilizer maker, steamrolled quarterly earnings expectations on Thursday on the back of stronger potash demand and higher prices for its nitrogen- and phosphate-based nutrients.

The Canadian fertilizer maker is currently battling a $39 billion hostile bid from BHP Billiton. Potash Corp has flatly rejected BHP’s bid and launched a lawsuit against the Anglo-Australian miner in an attempt to stymie a takeover. Get the full story »

Potash files amended complaint in suit vs BHP

Potash Corp. on Tuesday filed an amended complaint in its lawsuit against unsolicited suitor BHP Billiton, offering fresh details from the court’s ongoing discovery process in the case. Get the full story »

Canada province formally rejects BHP’s Potash bid

The Canadian province that is home to Potash Corp. said on Thursday it was opposed to a $39 billion bid by BHP Billiton to buy the world’s largest fertilizer supplier.

Saskatchewan will urge the federal government to block the Anglo-Australian miner’s hostile bid for Potash Corp, which is based in the province. Get the full story »

Harper: Potash an ‘American-controlled company’

Canadian Prime Minister Stephen Harper weighed in on miner BHP Billiton’s $39 billion bid to take over Saskatchewan-based Potash Corp. on Wednesday, calling it a proposal by an Australian-based company to take over an American-controlled company.

The Conservative government has until Nov. 3 to decide whether to approve the bid for Potash, the world’s biggest fertilizer producer. Ottawa is required to determine whether the bid would be a net benefit for Canada. Get the full story »