The cost of protecting debt sold by BHP Billiton rose the most in almost eight months this week, on concern that the world’s largest miner may be planning an acquisition, reports Bloomberg. Credit-default swaps on BHP rose 16% to 106.09 on Monday, their biggest gain since October. Woodside Petroleum may be one of BHP’s targets, suggested one analyst.

This entry was posted by Gwen Robinson on Wednesday, June 17th, 2009 at 5:31 and is filed under Capital markets, Commodities, M&A. Tagged with bhp billiton. Edit this entry.