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Blog: Credit crunchedTakeovers, often funded with cheap, easily available credit, thrived in the boom years before the credit crunch hit, but have since largely dried up. Credit has become harder to come by and share prices have fallen, scuppering massive deals such as BHP Billiton's offer to uggs on sale buy rival... |
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A Cash-Rich BHP Hunts for MergersBHP Billiton has built up about $18 billion in cash during the last year and expects to use some of it, along with additional borrowings, to acquire large rivals. ... |
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