Reuters scores exclusive on Sinochem approaching Temasek for Potash bid

Reuters scored an exclusive on Sept 7 with news that Chinas state-owned chemicals giant Sinochem has approached Singapore state investor Temasek to join a consortium for a possible bid for Canadas Potash Corp. The move was a significant development after Reuters exclusively reported two days earlier that Chinese officials had ordered state companies to meet investment bankers to explore ways to block BHP`s $39 billion hostile bid for the Canadian firm. Within minutes of the story Reuters was fielding enquiries from hedge funds and analysts closely following the saga. Both Bloomberg and Dow Jones had to pick up the Reuters scoop, which was widely carried in top global and regional media.