LONDON (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 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