PRESS DIGEST – Financial Times – Nov 4

The Financial Times

CANADA BLOCKS BHP BILLITON’S POTASH BID

The Canadian government has blocked a $39 billion bid for
Potash Corp (POT.TO: ) by miner BHP Billiton (BHP.AX: ) in a rare
rejection of a foreign takeover under the country’s investment
act.
http://www.ft.com/cms/s/0/7ec4f380-e798-11df-8ade-00144feab49a.html

SANTANDER UK HEAD TO RUN LLOYDS

Lloyds Banking Group (LLOY.L: ) has poached Antonio
Hora-Osorio, head of Santander’s (SAN.MC: ) fast growing British
division, to be its next chief executive.
http://www.ft.com/cms/s/0/7d2e4e2e-e728-11df-880d-00144feab49a.html

PRIVATE EQUITY PLANS 10 BLN EURO IN DEALS

Private equity groups including Apax Partners, CVC Capital
Partners [CVC.UL] and Blackstone (BX.N: ) are working on bids for
European companies owned by rival firms worth about 10 billion
euros.
http://www.ft.com/cms/s/0/8929bd9e-e782-11df-b5b4-00144feab49a.html

MGM FILES FOR PRE-PACKAGED BANKRUPTCY

Metro-Goldwyn-Mayer [MGMYR.UL], the Hollywood studio that
controls the James Bond films, has filed for bankruptcy marking
a climax to a drawn-out restructuring for the company.
http://www.ft.com/cms/s/0/37ea2b7e-e77a-11df-b5b4-00144feab49a.html

COURT BACKS BA, CHRISTMAS STRIKE THREAT RECEDES

The possibility of British Airways (BAY.L: ) passengers facing
strikes over Christmas has receded after the airline won a court
ruling backing changes to cabin crew contracts.
http://www.ft.com/cms/s/0/43663fd8-e743-11df-880d-00144feab49a.html

(Summary compiled by Reuters)

PRESS DIGEST – Financial Times – Nov 4