The Canadian group called Potash Monday its shareholders to reject hostile takeover bid from mining giant BHP Billiton and said he was discussing with other possible suitors for an alternative giving it a better value.
The world's largest producer of potash added in a statement expected to bring proposals have higher than 39 billion dollars (30.7 billion euros) made by BHP or other strategic options.
Discussions were held with several parties in order to generate higher offers, he said.
According to Bloomberg, Potash has been contacted by the Chinese and Brazilian Vale Sinochem.
The action Potash gained 1% in pre-market transactions on the New York Stock Exchange, to $ 151.
The action BHP gained about 2% in London, to 1858.5 pence.
