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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Potash seeks white knight to counter BHP bid

Posted on 20 August 2010

From Marketwatch.com: Sovereign wealth funds, Chinese banks and other national financial institutions could fund a global consortium to make a counter-offer to keep Potash out of BHP’s hands, The Wall Street Journal reported, citing people familiar with the matter.
“We are not opposed to a sale, we are opposed to a steal of the company,” said Potash Chief Executive Bill Doyle, according to the Journal report……………………………………….Full Article: Source

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