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Potash Corp. Seeks Alternatives to BHP Takeover Offer

Potash Corp. of Saskatchewan Inc., the fertilizer producer seeking to fend off a hostile takeover bid from BHP Billiton Ltd., said it began talks with other companies on alternatives to the $39 billion offer.

“Discussions are being pursued with several of these third parties in order to generate value-enhancing alternatives,” Potash Corp. said today in a statement. China’s Sinochem Group and Brazil’s Vale SA made initial inquiries with Potash Corp.’s board late last week about the possibility of holding talks, a person with knowledge of the matter said, declining to be identified because the information isn’t public.