Reuters ahead with BHP killing $39 billion Potash bid

Reuters was 21 seconds ahead of Bloomberg on Nov 15 on news BHP Billiton killed its $39 billion bid for Potash Corp and ended the years biggest takeover deal. With almost every market – from bonds to CDS and stocks – watching this deal, Reuters customers had plenty of time to trade before our rivals came through. While investors thought BHP would drop the bomb at the following days AGM, Reuters was convinced BHP would want the hard news out of the way and keep the AGM a family affair. So Reuters’ Australia bureau was well prepared, and when BHP came through, clients got exactly what they paid for.