PotashCorp rejects $39bn. BHP bid

By Mark Watts
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 world’s largest potash producer said.

The Canada-based group said it had received an offer from BHP for $130 a share, which PotashCorp’s board of directors deemed “grossly inadequate”.

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