THE world’s biggest fertiliser producer yesterday added a new twist to its hostile takeover saga by confirming it has been approached by several rival bidders.
Potash is desperately trying to see off a $39bn (£25bn) hostile takeover bid by BHP Billiton.
The Canadian firm has said it would prefer to remain independent but has told employees it has been approached by other firms.
BHP has had an offer of $130 a share rejected by the Potash board.
Several Chinese companies are understood to be interested in Potash but critics have demanded the government steps in to ensure the firm remains Canadian.
Prime Minister Stephen Harper said: “I’m aware of some of the concerns that have been raised about some of the downside risks of this potential transaction. I understand why those concerns exist, and I assure you that should there be any such transaction, those concerns will be thoroughly analysed.”
BHP is still the favourite to win control of the firm.