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Potash Corp. of Saskatchewan Inc. said it has been approached by third parties the past week following BHP Billiton Ltd.’s unsolicited $38.6 billion takeover bid as it formally recommended its shareholders not tender shares in support of BHP’s offer.
The board of world’s largest fertilizer maker by capacity rejected BHP’s approach, made privately, which prompted BHP to take the offer directly to Potash’s shareholders. Get the full story »
BHP Billiton, no stranger to hostile takeover battles, is moving fast to counter Potash Corp’s “poison pill” defense against its hefty $39 billion takeover bid.
Barely 24 hours after its $130 per share was made public, the world’s largest miner said on Wednesday it would make the offer direct to shareholders in an effort to circumvent a shareholder rights plan rolled out by Potash Corp’s board on Tuesday. Get the full story »
A miner has been killed in an equipment accident at a troubled Peabody Energy mine in southern Illinois, federal regulators said Friday. The victim was struck by a piece of heavy underground equipment at Peabody Energy’s Willow Lake mine in southern Illinois, said Amy Louviere, a spokeswoman for the federal Mine Safety and Health Administration. The victim was identified only as a section foreman.
