Deals wrap: Cracking down on hostile bids
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“Britain’s takeover watchdog has unveiled proposals to make hostile bids harder but stopped short of endorsing the most radical proposals floated following the controversial takeover of Cadbury by Kraft Foods,” writes Quentin Webb. *View article
The Canadian province of Saskatchewan dismissed the idea that a hostile offer from BHP Billiton for Potash Corp would bring net benefits. *View article
“Kohlberg Kravis & Roberts is hiring part of Goldman Sachs Group Inc’s proprietary trading team, which is being shut down due to new restrictions on such trading,” write Steve Eder and Megan Davies. *View article
In other Goldman news, the company is considering paying back Berkshire Hathaway’s $5 billion investment, the WSJ reports. *View article
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