BHP still in the market for deals
Global miner BHP Billiton is still interested in big acquisitions and does not regret spending $875m pursuing three major deals that collapsed in the past two years, its chairman revealed yester- day.
"For me, the juice is worth the squeeze on every one of those," Jac Nasser said after the firm's AGM in Australia. "No pain, no gain."
Mr Nasser was speaking a day after BHP withdrew a $39bn bid for top fertiliser maker Potash Corp after Canada blocked the offer.
BHP scrapped an iron ore joint venture with rival Rio Tinto a month ago following competition concerns and abandoned a full takeover of Rio Tinto in 2008.