if they do - CEO has to go - this is second failed acquisition. How much money and time did he waste. If the Chinese buy POT - might as well cancel Jansen project - the chinese are big buyers and if they get POT - they wont need BHP potash.
BHP is in a tough spot - damned if they do - damned if dont.
They walk away - kiss the CEO goodbye and cancel Jansen. They stay - they are going to have to overpay which may mean kiss the CEO goodbye. Talk about painting yourself in a corner
have no problem @ all w/ a ceo who invests some time/money in looking @ a potential acquisition then walks away because another particular buyer or just the stock mkt itself makes the price too dear. rather see him do that 10 times in a row than overpay once.
Have u seen the margins pot runs. Cash cow. Earnings announcement in week and a half. Listen and let me know if u still think the same way. Preeminent miner in the world. Kloppers will up the ante, his job depends on it.