Potash Seeking Talks With Possible White Knights (POT)

Canada's Potash Corp POT is seeking talks with possible counter-bidders as it fights off an unwanted $39 billion takeover offer from BHP Billiton. Potash, the world's the world's largest fertiliser supplier, said it expected an alternative to emerge after BHP formally launched its $130 per share hostile bid last week. "Potash Corp has been approached by, and has initiated contact with, a number of third parties who have expressed an interest in considering alternative transactions," the company said in a statement on Monday. "Discussions are being pursued with several of these third parties in order to generate value enhancing alternatives." The group was working on a range of strategic alternatives which may boost shareholder value, it added. To read the rest, head over to FOX Business.