Potash Hoping To Form Group To Best BHP Bid

Potash Corp. of Saskatchewan POT is reportedly looking to form a Chinese-led consortium to support a management-led takeover of the world's largest fertilizer producer in an effort to best BHP Billiton's BHP $38.6 billion bid for Potash. Canada's Globe and Mail newspaper, citing unidentified sources, said the Chinese group could include capital from a Chinese resource company or investment fund and investments from international sovereign wealth funds. The paper said Potash rival Mosaic MOS could also be part of the group.