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Potash hold out on BHP

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Potash hold out on BHP

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Canada’s Potash Corporation has rejected an offer from Anglo-Australian miner, BHP Billiton – meaning the takeover battle underway is likely to drag into the new year.

Despite being given another month to think about it, the world’s largest fertiliser maker has reiterated its advice to shareholders to reject what it describes as a “wholly inadequate” offer.