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Reuters New York alone with details of Potash Corp meetings with investors

Reuters New York alone with details of Potash Corp meetings with investors

Reuters exclusively reported on Sept 14 that Potash Corp was not considering selling a large stake in the company to block BHP Corps $39 billion hostile bid. The news meant that China or other rival bidders would likely have to consider a full takeover of Potash Corp, or look to acquire a blocking stake from the public market if they want to scupper BHPs offer. China, which typically buys about 7 percent of the output of Potash Corp, fears a BHP takeover might jeopardize supplies it will require to feed its huge population in coming years. Reuters also reported exclusively that Potash was not interested in offering production-sharing agreements or sales of potash mines to potential partners against BHP. The news came from investor sources who had recently met with the Canadian fertilizer company`s chief financial officer. The Reuters report was picked up by various news outlets, including CNBC.

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