Potash Corp. (NYSE:POT) CEO Bill Doyle said he believes BHP Billiton (NYSE:BHP) won't be the only bidder for the company, saying he's been in talks with other third parties interested in the fertilizer giant.
In a video on the company's website, Doyle said, “A number of third parties have already expressed interest in alternative transactions, some who we approached and others who initiated contact on their own."
It's impossible to tell if this is true or it's a ploy to drive up the offer of BHP for Potash. BHP has said they're bid was a good one, and have attempted to do the opposite by implying they're not going to go much higher than that.
One part of Doyle's assertion which is unconvincing is with China, which would represent the highest possibility of a competing bid. Some believe Canada wouldn't allow them to take over the company, while others have stated it's definitely something that could go forward.
Doyle added the long-term shareholders will probably ultimately decide the value of the company and whether or not to proceed with a sale.
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