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Potash Says Shareholders Need More Details on BHP Plan

Shareholders of Potash Corp. of Saskatchewan Inc., the world’s biggest fertilizer company, need complete information about BHP Billiton Ltd.’s plans to acquire the company or to compete against it, a lawyer for Potash said.

Attorney Daniel Reidy, seeking to block the sale until BHP provides more complete disclosure of its intentions, told U.S. District Judge David Coar in Chicago today that his client’s shareholders weren’t being told about internal debate at the Australian company.