Reuters reports that Russia's Phosagro announced it does not expect to buy a stake in Potash Corp (TSE:POT) within the next 12 months.
Articles Tagged "pot"
Benzinga.com reports that Goldman Sachs has published a research report on Potash Corporation (NYSE:POT) and Agrium Inc. (NYSE:AGU) and reinstate the two companies with a Neutral rating.
Businessweek reports that Potash Corp. of Saskatchewan Inc. (TSE:POT) announced plans to repurchase as much as $2 billion of its stock.
Reuters reports that Russia's Phosagro is betting its stated desire to bid for Canada's Potash Corp. (NYSE:POT)
Bloomberg.com reports that Potash Corp. (TSE:POT) dropped the most in four months.
The drama surrounding the who, what, where, when and how concerning a bid for Potash Corp of Saskatchewan is heating up. There has been a great deal of attention centered on companies in China potentially fending off a bid from BHP with the majority of this focus aimed towards Sinochem Group, China’s biggest fertilizer trader.
The fight to hold ownership of Potash Corporation of Saskatchewan is heating up as CEO Bill Doyle announces that several parties have expressed interest in bidding for the global potash giant.
On Tuesday, Canada's Potash Corporation received an unsolicited $38.6 billion takeover offer by BHP Billiton. The offer, the biggest of the year in any industry, was dismissed by Potash Corp as "grossly inadequate” with at least one major shareholder immediately rejecting the offer.
Potash shares plunged this week; as risk adverse investors abandoned their positions in the agricultural sector.
According to Goldman Sachs, over the next few years global potash demand will grow around 4 percent per annum with emerging market food requirements playing the key driving factor in fertilizer demand.