BHP Billiton bets on crop boom with hostile Potash bid

BHP Billiton bets on crop boom with hostile Potash bid

A loader prepares to shovel iron ore dug from an Australian mine. BHP Billiton reacted to Potash Corp. of Saskatchewan’s dismissal of its bid as “grossly inadequate” by going directly to shareholders with the $130 a share offer. BHP said it was offering a 20 percent premium to the closing price on Aug. 11.

August 19, 2010, Thursday/ 16:23:00
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