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PotashCorp rejects $39bn. BHP bid

August 17, 2010 - 00:00 GMT

KEYWORDS: potash , BHP Billiton , fertiliser , PotashCorp

World’s largest potash producer said it has rejected a takeover bid by BHP Billiton


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”.

“The PotashCorp board of directors unanimously believes that the BHP Billiton proposal substantially undervalues PotashCorp and fails to reflect both the value of our premier position in a strategically vital industry and...

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