Sinochem Group, China’s biggest fertilizer trader, considers even a $10 billion bid for Potash Corp. of Saskatchewan Inc. by itself as too much, Caijing magazine said, citing Han Gensheng , the company’s vice president.
Investors in Europe and U.S. bought half of GS Caltex Corp.’s dollar bonds this week as Goldman Sachs Group Inc. warns demand from developed markets is making yield premiums on top Korean names too tight.
Potash Corp. of Saskatchewan Inc. , the fertilizer producer seeking to fend off a hostile takeover bid from BHP Billiton Ltd. , said it began talks with other companies on alternatives to the $39 billion offer.
Oil & Natural Gas Corp., India’s biggest explorer, is seeking to raise its stake in a Brazilian oil field that’s also the subject of a bid by China’s Sinochem Group, said two company officials with knowledge of the matter.
Sinochem Group, China’s largest fertilizer trader, may struggle to get state financial backing for a takeover of Potash Corp. of Saskatchewan Inc. , making a deal unlikely, said two people with knowledge of the matter.