On Air Now

Current Show

Coast to Coast AM   12:00 AM - 5:00 AM

Contact Coast to Coast AM at 1-800-825-5033

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 550 AM Wausau, WI 99.9 FM Stevens Point, WI

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
60° Feels Like: 60°
Wind: W 3 mph Past 24 hrs - Precip: 0.01”
Current Radar for Zip

Tonight

Clear 53°

Tomorrow

Mostly Sunny 75°

Wed Night

Clear 53°

Alerts

BHP files motion to dismiss Potash Corp lawsuit

TORONTO (Reuters) - BHP Billiton <BHP.AX><BLT.L> on Friday requested a U.S. court dismiss a lawsuit filed by Potash Corp <POT.TO>, which alleges that BHP misrepresented material facts related to its $39 billion hostile bid for the world's largest fertilizer maker.

Last month, Potash Corp filed a lawsuit against BHP, which seeks a preliminary injunction to block BHP from moving forward with its proposed bid. Saskatoon, Saskatchewan-based Potash Corp, in August, flatly rejected BHP's $130 a share offer as "grossly inadequate."

BHP argues that Potash Corp lawsuit fails to identify any misleading statement or material omission on the part of BHP.

"PCS's (Potash Corp's) complaint offers only implausible, uncorroborated and largely irrelevant speculation, drawn from material in the public record, which shareholders are equally able to review in order to draw their own conclusions," BHP said in a court filing.

The Anglo-Australian miner intends to present its case before a judge in the U.S. District Court in Chicago, on October 7.

($1= $1.02 Canadian)

(Reporting by Euan Rocha, Editing by Jonathan Thatcher)

Comments