BHP letter to Potash touts "value certainty": report

LONDON (BestGrowthStock) – BHP Billiton wrote to Potash Corporation of Saskatchewan Inc on August 13 saying a deal at $130 a share offered “value certainty” to Potash shareholders and BHP’s “strong preference” was for a friendly deal.

The letter, reproduced as a PDF file on the Financial Times website, was signed by Chairman Jac Nasser and said BHP had “fully negotiated a financing facilities agreement with our relationship banks” to fund a deal.

A BHP spokesman could not immediately be reached for comment to verify the letter’s authenticity.

(Reporting by Quentin Webb and Victoria Howley; editing by Douwe Miedema)

BHP letter to Potash touts "value certainty": report