FRANKFURT/LONDON Nov 2 Shares in BHP Billiton
(BLT.L) extended gains on Tuesday afternoon to trade 2.2 percent
higher, with traders citing market talk that its bid for Potash
Corp (POT.N) (POT.TO) had been rejected.
BHP Billiton was not immediately available for comment.
Earlier, Canada insisted it had made no decision yet on what
to do about BHP's $39-billion offer to buy Potash, even as two
newspapers reported that bureaucrats were advising that the bid
should go ahead. [ID:nN02206060]
One U.S. hedge fund manager said: "Potash and BHP think that
Canada is going to approve the deal. We think the odds are 60
percent in favour of approval."
(Reporting by Ruppert Pretterklieb in Frankfurt and Joanne
Frearson, Victoria Howley and Eric Onstad in London)