Potash Corp rejected BHP Billiton’s unsolicited $38.6 billion takeover bid on 17 August 2010. The offer for Potash Corp was the biggest takeover offer ever made. Potash's capacity which is concentrated in the Canadian Prairie province of Saskatchewan is the largest in the world. The bid reflected Billiton’s intention to benefit from the fast growing fertilizer industry after its collapse during the global economic slowdown.
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