Potash Corp. (POT +25%) unanimously rejects an unsolicited takeover bid from BHP Billiton (BHP...

|About: BHP Billiton Limited (BHP)|By:, SA News Editor

Potash Corp. (POT +25%) unanimously rejects an unsolicited takeover bid from BHP Billiton (BHP -1.3%) of $130/share, and adopts a shareholder rights plan. The bid, which values Potash at $38.4B, "fails to reflect both the value of our premier position in a strategically vital industry and our unparalleled future growth prospects." (PR)