BHP Billiton announces plan of arrangement to acquire Anglo Potash

Further underlining the current interest in potash, BHP Billiton has entered into a definitive agreement with Anglo Potash to acquire all of the issued and outstanding common shares of Anglo Potash at a price of C$8.15 cash per common share. Anglo Potash’s only asset is its 25% interest in the Canadian potash joint venture development project in which BHP Billiton has a 75% interest. If approved, this acquisition will deliver to BHP Billiton 100% control of the Joint Venture. (more…)

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