Shares of Potash Corp. were down Thursday after Canada blocked BHP Billiton’s bid to buy the company, and it appears unlikely that the government, focused on protecting national assets, will change its mind.
Co…
Sinochem Group may be unable to bid for Potash Corp. (POT), as the Chinese company is struggling to get state backing for the move.
The Chinese government has said it would prefer that the bid not be financed by credit from state banks, Bloomberg New…
BHP Billiton (BHP) will lodge a motion intended to remove a legal obstacle to its $39 billion hostile takeover bid for Potash Corp (POT).
BHP said it plans to file a motion challenging a lawsuit filed by Potash Corp., which alleges that BHP misrepresented material facts related to the bid.
BHP will file its motion in the next few days, Reuters reported.
Potash Corp. rejected BHP…
Continue reading BHP Will Lodge Motion to Remove Legal Obstacle to Potash Bid
BHP Will Lodge Motion to Remove Legal Obstacle to Potash Bid originally appeared on DailyFinance on Fri, 01 Oct 2010 07:44:00.
Filed Under: Company News, Investing, Green, Stocks in the News
China’s Sinochem Corp. invited Temasek, Singapore’s sovereign wealth fund, to join a consortium that may bid for Potash Corp. (POT), Reuters reported.
Temasek has not made any decision on whether to join the consortium, Reuters reported without namin…