Their latest move against BHP Billiton (NYSE:BHP) by Potash Corp. (NYSE:POT) is to file a complaint against the mining company in U.S. court in hopes of blocking the hostile takeover attempt.
BHP is being accused by Potash of making false and misleadings statements when making the $38.6 billion bid for the fertilizer company.
Potash's board of directors and CEO called the offer "wholly inadequate" at the time.
With only 50 percent of shareholders needing to support the BHP offer, Potash labled BHP as being "unusually coercive," citing the usual two-thirds majority needed to support bids for other companies.
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