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Potash in `Active’ Talks on Alternatives to BHP’s Bid
Oct. 28, 2010 05:12PM PST
Potash InvestingReuters reports that Potash Corp. (TSE:POT) is engaged in alternatives bidding offers to BHP’s $40 billion hostile offer.
Bloomberg.com reports that Potash Corp. (TSX:POT) is engaged in alternatives bidding offers to BHP’s $40 billion hostile offer.
The market news is quoted as saying:
Sinochem Group, China’s largest fertilizer trader, emerged as the likeliest rival bidder, three people familiar with the matter said in August. Sinochem may struggle to get state financial backing for a takeover, two people with knowledge of the matter said Oct. 7.
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