BHP Billiton plans to sweeten Potash bid – paper

LONDON, Oct 31 (BestGrowthStock) – BHP Billiton (BHP.AX: ) is planning
to raise its $39 billion hostile bid for Canada’s Potash Corp
(POT.TO: ), the world’s largest fertiliser supplier, the Sunday
Times reported, citing sources close to the situation.

A London-based spokesman for BHP Billiton (BLT.L: ) declined
to comment.

The paper said BHP is considering raising its $130 a share
offer by 10 percent.

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Timeline: http://link.reuters.com/nav26p

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BHP launched its bid in August, but Potash Corp’s stock has
consistently changed hands well above the bid price, signaling
expectations of a sweetened bid. The shares (POT.N: ) closed on
Friday at $145.09 on the New York Stock Exchange.

(Reporting by Julie Crust; editing by Michael Shields)

BHP Billiton plans to sweeten Potash bid – paper