BHP is in talks with Nutrien on giant Canadian potash mine
Thomas Biesheuvel
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BHP Group is in talks with Nutrien about a potential partnership in its massive Canadian potash venture as the world’s biggest mining company moves closer to a final decision on the project.
The two companies are discussing multiple options, including Nutrien becoming the operator and selling the potash through its existing channels, or the Canadian company taking a stake in the Jansen mine, according to people familiar with the matter.
Nutrien formed in 2018 from the merger of two large Canadian agriculture firms, Potash Corp. of Saskatchewan and Agrium.
By Ross Wilkers
May 25, 2021
After a highly active process that started and restarted, Cubic Corp. said Tuesday it has completed the sale of itself to private equity firm Veritas Capital and activist hedge fund Elliott Investment Management.
Veritas and the Paul Singer-led Elliott group will pay $2.38 billion in cash to acquire Cubic and assume around $600 million in that company’s debt, bringing the deal’s enterprise value to roughly $3 billion.
For Cubic stockholders, that translates to a payment of $75 per share as the company ceases to be a publicly-traded entity on the New York Stock Exchange. Elliott is undertaking the acquisition through its own private equity arm named Evergreen Coast Capital.
Hollywood mogul Ari Emanuel’s Endeavor was worth $ 10 billion
Hollywood talent agency owner Endeavor raised $ 1.9 billion Wednesday through a simultaneous private placement of its shares, valuing the company at more than $ 10 billion and cementing the wealth of founder Ari Emanuel.
He sold the shares for $ 24 each, at the top of the set range at the beginning of the month.
Emanuel and Patrick Whitesell, CEOs of Endeavor, along with other executives, will own 37.7 million pots of Endeavor’s 429.7 million shares, a share of more than $ 900 million in IPO price.
Emanuel founded Endeavor as a talent agency in 1995 and the company has expanded and diversified through various acquisitions, buying rival William Morris Agency and IMG sports agency and buying the Ultimate Fighting Championship and Miss Universe beauty pageant in its portfolio.
Small Wetherby-based Berkeley DeVeer has partnered with Elliott Advisors (UK) Ltd to acquire Avant Homes Group. Jeff Fairburn, who was chief executive of York-headquartered Persimmon until November 2018 when he left following an outcry over his £75m bonus, will become the new chairman of the £450m turnover firm, Avant Homes. During Mr Fairburn s tenure, Persimmon become Yorkshire s largest PLC. Berkeley DeVeer, a £28m turnover business, currently operates across Yorkshire and the North East of England. Derbyshire-headquartered housebuilder Avant Homes is one of the UK’s leading private residential property developers, operating in high growth markets in the North of England and Scotland.