BHP Billiton plc (LON: BLT) panics as Vale (NYSE: VALE) offers Potash corp. new deal

BHP Billiton plc (LON: BLT) may lose Potash corp.

In brief: BHP Billiton may remain a loser. Potash corp. received offers from Sinochem and Vale (NYSE: VALE). The analysts said BHP Billiton proposal is very generous.

According to informed sources, Potash corp. contact with the Chinese company Sinochem and Brazilian Vale in the plan that the Canadian company to avoid a hostile takeover by BHP Billiton.

It is reported that Sinochem and Vale appealed to the Board of Directors of Potash on possible negotiations. In addition, any of the contenders will have to speak out against BHP, which made last week a proposal to shareholders Potash to $ 39 billion after the Canadian company refused to make a deal. BHP Billiton plc (LON: BLT) shares rise in value to 1,857.50 points, gaining +36.50 (2.00%).

Alex Korneev
2010-08-23 11:26, Economics.

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