BHP Billiton withdraws bid for Potash Corp.
BHP Billiton on Sunday withdrew its hostile takeover bid for Potash Corp. of Saskatchewan, saying it cannot convince Canada's federal government to approve the deal.
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.