DealZone

Deals wrap: Going hostile on Potash

August 18, 2010

A man walks into the head offices of BHP Billiton in central Melbourne July 22, 2009.     REUTERS/Mick Tsikas BHP Billiton, the world’s biggest miner, is making its $130 a share offer for Potash Corp directly to shareholders, bypassing the Canadian company’s board which a day earlier called the bid “grossly inadequate.” *View article

Private equity firm Lone Star is scrapping plans to sell a majority stake in Korea Exchange Bank worth about $4 billion because of weak demand from potential investors, a local paper said. The decision, if confirmed, would be Lone Star’s third failure to sell KEB since buying into the bank in 2003. *View article

It doesn’t always take huge financial backing to start a company. The WSJ found some entrepreneurs who started out with little money but a lot of time and business savvy. *View WSJ article

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