TSXV:AAA.P - Post by User
Comment by
skip_rickon Sep 20, 2010 4:12pm
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Post# 17470587
Where's the results? Beijing Bid??
Where's the results? Beijing Bid??Once again, this taken from today's G&M, Farhad's in the middle of this, based on -
Beijing nears decision on Potash bid
Brenda Bouw and Andy Hoffman
Vancouver and Toronto — From Monday's Globe and Mail Published on Sunday, Sep. 19, 2010 6:51PM EDT Last updated on Monday, Sep. 20, 2010 6:21AM EDT
The Chinese government is close to a decision on how it plans to fight mining behemoth BHP Billiton Ltd. for control over the world’s largest potash producer, Potash Corp. of Saskatchewan Inc.
China is considering a number of key proposals from state-owned firms, including how to structure the deal and what price it must pay to beat BHP’s $38.6-billion (U.S.) hostile bid, according to sources familiar with the situation.
While China hasn’t said for sure that it will bid, sources say the Asian superpower is “very, very interested” in making an offer to both upset BHP’s plans to take control of the potash market as well as to secure its own source of the coveted crop nutrient.
A Chinese government decision on which bid it will put forward could come by the end of the month, before a week of national holidays in China that begins on Oct. 1.
Farhad's working the numbers for the best deal for AAA.
Skipper