SQM Jumps as Potash Says Bid Undervalues Fertilizers

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Soc. Quimica y Minera de Chile SA, Chile’s biggest fertilizer producer, rose the most since November 2008 after Potash Corp. of Saskatchewan Inc, a Soquimich shareholder, rejected a takeover offer from BHP Billiton Ltd.

Soquimich, as the company is known, gained 6.6 percent to 21,364 pesos at 4:39 p.m. New York time.