BHP Said to Weigh Hostile Offer for Potash Corp.

BHP Billiton Ltd. may take its $39 billion bid for Potash Corp. of Saskatchewan Inc. directly to shareholders this week after having its unsolicited offer rejected, said two people with direct knowledge of the matter.

BHP, the world’s largest mining company, is unlikely to raise its $130-a-share bid before talks with investors, though a final decision hasn’t been made, said the people, who declined to be identified because the plan isn’t public.