Potash Corp says BHP 'confusing' customers with cold calls

31st August 2010, Comments 0 comments

Canada's Potash Corp on Tuesday accused suitor BHP Billiton of sowing "doubt and confusion" among its customers over its future, after BHP's hostile bid was rejected last week.

The world's largest fertilizer maker said in a letter to its customers, dated August 30 and attached to a regulatory filing, that it has learned that BHP's marketing director Chris Ryder "has begun to cold call" them.

"We consider this contact to be inappropriate and highly unethical," the letter said.

"We can only assume that BHP Billiton's purpose is to sow seeds of doubt and confusion about the future of PotashCorp by raising questions about our ability to do business across the nutrient spectrum as well as the future location and makeup of our sales organization."

Potash also said it was "disappointed" with BHP Billiton over the attempt to undermine Potash's efforts to serve its customers.

Anglo-Australian mining giant BHP last week launched a mammoth hostile all-cash takeover bid for Potash Corp, but it was formally rejected as "wholly inadequate" by the Canadian company, which said it was exploring other offers.

© 2010 AFP

0 Comments To This Article