Potash Discusses Superior Deals

Potash Discusses Superior Deals

Potash Corp’s board urged shareholders to reject BHP Billiton’s hostile $39 billion offer and said it was in talks with a number of potential suitors for a superior deal. – according to Reuters.

Potash Corp – the world’s largest producer of potash, based in the Canadian province of Saskatchewan – informed superior offers or other alternatives are expected to come out.

Discussions keep on going with several of these third parties in order to create superior offers. – the company reports.

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According to Bloomberg, Potash is in connections with China’s Sinochem Group and Brazil’s Vale.

Potash Corp shares were up 1% at $151 on the New York Stock Exchange. They closed at C$157.06 Friday on the Toronto Stock Exchange.

BHP shares are up 2% at 1857 pence on the London Stock Exchange.

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