BHP Billiton launches hostile bid for Potash
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.
Anglo-Australian miner BHP Billiton hasn't given up on its hostile takeover bid for fertilizer producer PotashCorp and will continue to talk with the federal government despite its rejection of the offer as not of net benefit to Canada.