BHP hasn't given up takeover bid for PotashCorp
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.
BHP Billiton has noted the announcement by the Canadian Minister of Industry Mr Tony Clement that he is not satisfied at this time that the BHP Billiton offer to acquire all of the issued and outstanding common shares of Potash Corporation of Saskatchewan Inc together with any associated rights issued and outstanding under the PotashCorp Shareholder Rights Plan is likely to be of net benefit to Canada.