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RPT-BHP Billiton plans to sweeten Potash bid - paper
October 31, 2010 / 9:03 PM / 7 years ago

RPT-BHP Billiton plans to sweeten Potash bid - paper

(Repeats story first published Oct 31)

LONDON, Oct 31 (Reuters) - 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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For other BHP-Potash stories [ID:nN22340110]

Value investor view on Potash: [ID:nRTV153281]

Timeline: 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

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