PotashCorp rejects $39bn. BHP bid
Published: Tuesday, 17 August 2010
World’s largest potash producer said it has rejected a takeover bid by BHP Billiton
Potash Corp. of Saskatchewan has rejected a near $39bn.
takeover bid from mining giant BHP Billiton Plc, the
worlds largest potash producer said.
The Canada-based group said it had received an offer from BHP
for $130 a share, which PotashCorps board of directors
deemed grossly inadequate.