As stated by Alex Vanselow, Chief Financial Officer, BHP Billiton Ltd., the Company’s $44 billion worth of bid to acquire Potash Corporation would consider the short-term financial impact of the takeover and would remain cautious about that.
Mr. Vanselow added that they are opportunistic and never leave a chance to grab an opportunity whenever it comes. They are keeping a positive attitude towards the long-term economic influence of the takeover of the Canadian firm, but the short-term impact is also a matter of worry.
He said, "When we look at an asset like Potash Corp, we're looking at the long term. In the long term, we're very positive on where the world economy is going".
As there could be other bidders for the acquisition of Potash and if BHP remains unsuccessful, that would not lose the morale of the Company, as expressed by Mr. Vanselow. He further added that BHP, with its immense resources, would continue to foray into the potash business, whether it would gain the victory over Potash or not.
As in terms of cash, BHP has an upper edge over other bidders, which makes it a potential bidder. There is no possibility that BHP would go for a hostile bid to acquire Potash.