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Holding off the hedge funds

Comments (0) | 11 Oct 2010 | Rating Rating (-1 to +1): 0.0

| Print by Tim Human

How arbitrage funds are influencing the outcome of hostile deals

‘I operate under the premise that shareholders ultimately make the decision,’ said Marius Kloppers, CEO of BHP Billiton, a week after his company went hostile in its approach for Potash Corporation of Saskatchewan (PotashCorp). But which kind of shareholders did he mean?

The truth – as Kloppers well knew – is that ...

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