While finding big and buyable targets will be a challenge for the BHP Billiton Ltd. Chief Executive Officer Marius Kloppers but it very much sure that the chief will not let three failed investments worth more than $100 billion prevent further takeover attempts.
It is to be mentioned here that BHP, the world's largest mining company, scrapped a $40 billion hostile cash bid for Potash Corp. of Saskatchewan Inc. recently soon after the deal was rejected by Canada.
On the other end, Kloppers' two other failed deals i. e. a bid for Rio Tinto Group and an iron ore venture with that company were also scrapped which came after the competition concerns from the end of the regulators.
Shaun Manuell, head of asset management at Melbourne-based Equity Trustees Ltd said that the with the size of BHP, the company needs to do things which match its size and which will have a fair amount of regulatory risk too.
However, experts are of a view that it will not stop Kloppers to look for targets in the future and the company may keep on pushing the accelerator for its pursuit for M&As.
