Potash Corp says iron ore giant BHP Billiton Ltd
(ASX:BHP) is not likely to be the only bidder for the fertiliser company and that it is in talks with a number of parties interest in acquiring the business.
The Australian reports Potash CEO Bill Doyle saying that a number of parties have already expressed interest in alternative transactions, some of whom the company has approached and others who have come to them.
In a video posting on the company’s website Mr Doyle says there is a wide universe of potentially interested parties and the company believes BHP will not be the only bidder.
Potash, the world’s largest fertiliser producer, is trying to fend off a hostile US$39 billion takeover by BHP launched last month, viewing the offer as inadequate.
According to The Australian Singapore’s sovereign wealth fund, Temasek, has engaged in talks with a Chinese Government led consortium regarding a possible counter bid for Potash Corp.
BHP Billiton earned $7.24 billion in fiscal 2009.
