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BHP Billiton takes offer direct to PotashCorp’s shareholders

Comments (0) | 18 Aug 2010 | Rating Rating (-1 to +1): 0.0

| Print by Tim Human

Move follows announcement of poison pill defense by the fertilizer company

BHP Billiton has taken its offer for Potash Corporation of Saskatchewan (PotashCorp) directly to shareholders by launching a hostile bid.

The mining company has offered $130 per share in an all-cash offer, valuing the Canadian fertilizer producer at roughly $40 bn.

BHP Billiton followed up the announcement of its offer ...

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