The board of directors of Potash Corporation of Saskatchewan unanimously rejected a 38.6 billion dollar US unsolicited takeover bid from BHP Billiton -- the world's largest mining company. PotashCorp CEO William J. Doyle told an August 17th conference call that the offer was unacceptable. (The deal would have been the largest takeover in Canadian history.)

Date: 2010-08-17
Placeline: SASKATOON, Saskatchewan.
Source: The Canadian Press
Length: 15 seconds

Transcript Prediction: << we concluded that the BHP proposal grossly undervalued is Potash Corp and fails to reflect both the value of our Premier position in a strategically vital industry in our unparalleled future growth prospects >>

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