China shouldn't bid for Potash Corp., researcher says
China shouldn't bid for Potash Corp. of Saskatchewan Inc. because countering BHP Billiton Ltd.'s $40-billion offer would cost too much and isn't needed to secure fertilizer supply, a state researcher said.
BHP Billiton, the world's biggest miner, has launched a hostile $39bn bid for Potash Corp after the Canadian fertiliser group's board rejected the world's largest takeover offer this year.