BHP Billiton

:

Potash Corp of Saskatchewan

Dealogic Deal #  :

701413

Data as of :

8/18/2010

Target

Acquiror

Dates & Values

Potash Corp of Saskatchewan

BHP Billiton

Target:

100

% stake

Buying:

100

% stake

Rumored

-

Deal Value $m

43,380.5

NY, TR

POT

297

m shares outstanding

Public (Listed)

Announced

17th Aug 2010

Value ex Debt $m

40,030.3

Canada

Australia

Chemicals

Mining

Expected

4Q 2010

Consideration

Goldman Sachs | Advisor

JPMorgan | Advisor

Completed

-

RBC Capital Markets | Advisor

TD Securities | Advisor

BOA Merrill Lynch | Advisor

BNP Paribas | Advisor

Withdrawn

-

Stikeman Elliott | Attorney

RBS | Advisor

Jones Day | Attorney

Barclays Capital | Advisor

Termination Fee, Target $m

tbd

Banco Santander | Advisor

Cleary Gottlieb | Attorney

Blake Cassels & Graydon | Attorney

Termination Fee, Acquiror $m

tbd

Financials

30th Jun 2010

Balance Sheet

Debt/Equity:

1

Timeline Events

Premiums & Multiples

Initial Offer

$130.73

Current Offer

$130.73

Income Statement

Cash Flows

Operations $m

2,493

Profitability

Profit Margin

29%

Return on Equity

14%

League Table Impact

Sector Trend

2010 YTD Announced Global M&A by Deal Value, $bn

Monthly Announced Global M&A, $bn:

Chemicals

1

Goldman Sachs

364.0

2

JPMorgan

308.6

3

Morgan Stanley

290.8

4

Credit Suisse

274.0

5

BOA Merrill Lynch

251.7

6

Barclays Capital

213.3

7

Deutsche Bank

203.8

8

Citi

201.5

9

Lazard

186.4

10

UBS

167.3

12

BNP Paribas

123.4

13

RBS

83.6

14

Banco Santander

81.4

15

RBC

80.1

19

TD Securities

53.4

© 2010 Dealogic.  All rights reserved.