NEW YORK (
late Monday extended its $130 per share cash offer for
through Nov. 18.
The extension is related to BHP Billiton's receipt on Monday of an information request from Canadian antitrust authorities. The company said it plans to comply "expeditiously" to the request.
BHP also added in
that it's "confident" that the offer, which Potash has rejected and BHP Billiton has since begun a hostile tender in relation to, will receive all necessary regulatory approvals in due course.
Potash shares closed Monday at $148.47, up 0.81%. Earlier on Monday, a report
the Chinese state-controlled chemical-industrial concern, is petitioning China's government to back a white-knight bid for Potash.
Shares of BHP Billiton finished Monday's session at $73.93, up almost 2%. The stock is down 5.3% year-to-date.
Written by Michael Baron in New York.
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