BHP Billiton plans to sweeten Potash bid: report

LONDON (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 fertilizer 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.

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: report