15 October: China's Sinochem abandons Potash bid plan
Sinochem will not launch a counterbid for PotashCorp, Reuters reported, citing undisclosed sources.The Chinese chemicals and fertiliser group had appointed Deutsche Bank and Citigroup to put together an offer to rival BHP Billiton’s.4 October: BHP bid gets further backing BHP's bid appears to have the green light from the Conference Board of Canada (CBC), which said the offer was preferable to that its rival Chinese suitor, Sinochem.The CBC, an influential non-profit research organisation, said there would be “few negative effects” to a successful BHP bid, but that a takeover by Sinochem would be riskier for the province of Saskatchewan due the Chinese company’s “state-owned and consumer-led orientation”.29 September: Potash wins hearing on injunction to stop BHP bid PotashCorp's lawsuit against BHP to be heard on 4 November 2010 - The Sydney Morning Herald23 September: BHP reacts to PotashCorp suit BHP said the lawsuit was...