Potash weighs asset sales, spl dividend to thwart BHP
Monday, 11 October 2010
LONDON, Oct 10 (Bloomberg): Potash Corp of Saskatchewan Inc is considering selling its nitrogen and phosphorous assets and paying shareholders a dividend of up to $70 a share, the Sunday Telegraph reported, without saying where it got the information.
Potash Corp may try to use the asset sale, and add at least another $4 billion to its $3 billion in debt, to repel a hostile bid from BHP Billiton Ltd, the newspaper said.
Potash Corp may try to use the asset sale, and add at least another $4 billion to its $3 billion in debt, to repel a hostile bid from BHP Billiton Ltd, the newspaper said.