PotashCorp Sues to Block BHP Bid

摘要

PotashCorp has filed suit to block BHP Billiton's $38.6-billion hostile takeover bid, claiming the Australian mining firm's offer is "built upon false and misleading statements and omissions." PotashCorp unani- mously rejected BHP's bid and is urging its shareholders to do the same, citing expectations that a higher bid will emerge.