Canada insisted it had made no decision yet on what to do about BHP Billiton’s $39 billion offer to buy Potash Corp, even as two newspapers reported that bureaucrats were advising that the bid should go ahead. A decision by the Canadian government is due by the end of Wednesday.
General Motors plans to sell just over $13 billion of shares in its IPO, people familiar with the matter said. GM could file an updated prospectus for its IPO today.
Spanish bank BBVA has bought joint control of Turkish peer Garanti Bank in a $5.8 billion deal to escape a price war for deposits and high funding costs in its sluggish home economy.
The NYT’s Andrew Ross Sorkin looks at how investors are buying big stakes in companies and disclosing the purchases long after the fact. Is it time for a regulatory change?