(Potash-BHP poll updated with latest news on potential Potash suitor Sinochem.)
NEW YORK ( TheStreet) -- Speculation on what white knight might emerge as a legitimate challenger to BHP Billiton (BHP) for the prize of Potash (POT) has cooled since news of the hostile pursuit broke two weeks ago.
Chinese entities were early favorites, despite the less-than-illustrious history of companies from the People's Republic sealing deals of this enormous scale overseas. Sinochem, the sprawling industrial goliath, was a popular choice -- its Sinofert unit is the nation's largest fertilizer purveyor. In the latest, Sinochem apparently has hired investment-banker advisors at HSBC to help it consider a move, The Wall Street Journal reported late Wednesday. The paper and other media outlets had earlier reported that Chinese private-equity fund Hopu was considering assembling a consortium of investors to make a possible bid.
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