BHP Billiton Plans to Sweeten Potash Bid: Report
Published: Sunday, 31 Oct 2010 | 9:10 AM ET Text Size By: ReutersDiggBuzz FacebookTwitter More Share
BHP Billiton is planning to raise its $39 billion hostile bid for Canada's Potash Corp, the world's largest fertiliser supplier, the Sunday Times reported, citing sources close to the situation.
A London-based spokesman for BHP Billiton [BHP 82.575 -0.265 (-0.32%) ] 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 closed on Friday at $145.09 on the New York Stock Exchange.
