August 17, 2010 / 2:19 PM / in 7 years

Chile's SQM jumps after Potash Corp rejects bid

SANTIAGO, Aug 17 (Reuters) - Chile’s fertilizer SQM SQMa.SN SQM_pb.SN shares jumped over 6 percent on Tuesday after Potash Corp POT.TO POT.N, a key stakeholder, said its board rejected an unsolicited $39 billion offer from miner BHP Billiton BHP.AX BLT.L.

Potash, which has a 32 percent stake in SQM, surged over 28 percent at 10:10 a.m. EDT (1410 GMT).

Reporting by Alonso Soto

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