After a three-month pursuit and a resounding rejection by Canadian regulators, BHP (BHP +0.7%)...

|About: BHP Billiton Limited (BHP)|By:, SA News Editor

After a three-month pursuit and a resounding rejection by Canadian regulators, BHP (BHP +0.7%) officially withdraws its $39B bid to buy Potash (POT -3.2%), marking BHP's third failed acquisition attempt in a row. Instead, BHP will launch a $4.2B share buyback.