BHP Billiton cancels Potash takeover bid

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Mining giant BHP Billiton Monday withdrew its hostile takeover bid for Canada's Potash Corp, the world's biggest fertiliser maker, after it was rejected by the country's government.

"BHP Billiton today announced that it has withdrawn its offer to acquire all of the issued and outstanding common shares of Potash Corporation of Saskatchewan Inc," the Anglo-Australian company said.

© 2010 AFP

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