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Potash Corporation of Saskatchewan Inc. (POT)

  • Apr. 15, 2014, 8:36 AM
    • Potash (POT+2.3% premarket on speculation that BHP Billiton (BHP) may make another run at acquiring the fertilizer company after failing in a prior buyout attempt in 2010, according to the Globe & Mail.
    • The report says industry speculation is "intense" because "the numbers work, the personalities are closer to working, [and] even the politics are not insurmountable because the landscape has shifted," but it adds that "there is no sign that any potential deal is underway."
  • Nov. 18, 2013, 4:12 AM
    • Russian billionaire Mikhail Prokhorov - owner of the Brooklyn Nets - has agreed to acquire a 21.75% stake in Uralkali (URALL), the world's biggest potash miner, from the company's main owner, Dagestani tycoon Suleyman Kerimov.
    • Kerimov and his partners own a third of Uralkali, while China Investment Corp, China's sovereign wealth fund, purchased a 12.5% holding in September.
    • Uralkali caused turmoil in the potash markets after it ended its joint venture with Belarusian state-owned miner Belaruskali in July. The JV, called Belarusian Potash Co, controlled around 40% of the global market and so had a major influences on prices.
    • Following the breakup, Belarus arrested Uralkali CEO Vladislav Baumgertner in August, since when he has been in jail or under house arrest. (Previous)
    • Related tickers: POT, MOS, AGU, SQM, IPI.
    • Related ETFs: MOO, CROP, PAGG, VEGI.
  • Oct. 16, 2013, 5:59 PM
    • SQM, Chilean potash producer and exporter of iodine and lithium, has sunk to nearly its cheapest valuation in five years, which analysts say allows Potash (POT), which already owns 32% of the company, its best chance in years of fully taking over.
    • Julio Ponce, also a 32% owner, fended off POT’s 2006 attempt to wrest control of SQM but may become a more willing seller as a stock rout, a trading investigation and further turmoil in the potash industry pressure his finances.
    • While POT’s own stock has dropped, purchasing SQM would allow it to fulfill its strategy of taking control of companies in which it holds stakes.
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  • Apr. 10, 2013, 9:17 AM
    Israel Chemicals' new CEO Stefan Borgas warns Israel's phosphate reserves are drying up and calls on the government to grant the company licenses to mine at a new site in the Negev desert that would secure reserves for 30 years. ICL is a takeover target of Potash Corp. (POT), an action Israel's new finance minister Yair Lapid says he would "vigorously" oppose.
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  • Mar. 28, 2013, 12:49 PM
    Mosaic (MOS +1.5%) would have concerns about a potential takeover of Israel Chemicals by Potash (POT), CEO Jim Prokopanko says in its earnings call. POT, which is attempting to gain majority control of ICL, is a partner with MOS and Agrium in Canpotex, the offshore selling agency for potash the three companies mine in western Canada.
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  • Mar. 13, 2013, 2:57 PM
    Potash (POT -1.5%) seeks to soothe Israeli fears over a possible acquisition of Israel Chemicals, Globes says, as opponents use deal talk for political purposes in upcoming local elections. POT believes Israel Chemicals has no choice but to merge if it wants to stay relevant in the global fertilizer market in coming years.
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  • Nov. 6, 2012, 8:18 AM
    Officials from Israel's Government Companies Authority plan to meet with Potash Corp (POT) execs next week to discuss the Canadian company's bid to acquire Israel Chemicals (ISCHY.PK). Officials want more details about Potash's plans and how it would secure the country's interests before deciding on whether to approve the bid.
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  • Nov. 4, 2012, 2:31 AM
    Israel's government would consider Potash Corp's (POT) attempt to acquire Israel Chemicals (ISCHY.PK) once the Canadian company makes a formal request, the finance ministry said late yesterday. The comments came just a couple of days after the ministry said it's not considering the deal due to "professional reservation."
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  • Nov. 1, 2012, 12:15 PM
    Potash's (POT) proposed purchase of Israel Chemicals would give it control of ~25% of global potash production capacity, a "transformative transaction that would vault them past the Russians into the No. 1 spot globally" - which could prompt antitrust concerns. PM Netanyahu also risks being criticized during upcoming elections for selling Israel’s natural resources and jeopardizing the Dead Sea’s ecology.
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  • Oct. 31, 2012, 6:03 AM
    More on Potash Corp (POT) / Israel Chemicals (ICL) talks: Potash has wanted to increase its stake in Israel Chemicals, which has a market cap of $15B, for a while but has met government and regulatory opposition. Any deal would include ICL's shareholders receiving stock in Potash, the Calcalist newspaper reports.
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  • Oct. 31, 2012, 4:49 AM
    Potash Corp (POT) has been in talks with the Israeli government, including holding a meeting with PM Benjamin Netanyahu, about acquiring Israel Chemicals (ISCHY.PK). Potash Corp already holds a 13.84% stake in Israel Chemicals, while Israel Corp. holds 52.3%. (previous)
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  • Dec. 22, 2011, 10:10 AM
    Israel's finmin OKs Potash's (POT) request to raise its stake in rival Israel Chemicals (ISCHY.PK) to 25% from 13.9%, a move that would cost about 5.2B shekels ($1.37B). The antitrust authority is now reviewing the transaction.
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  • Dec. 19, 2011, 7:49 AM
    Canada's Potash Corp. (POT) has asked for approval from the Israeli government to raise its stake in rival Israel Chemicals (ICL) (ISCHY.PK) to 25% from 13.9%, reports say. Buying the extra 11.1% could cost Potash around 5.23B shekels ($1.38B). Market players reckon the move could be a prelude to taking full control of ICL.
  • Dec. 9, 2011, 9:47 AM
    Mosaic (MOS -2.2%) is cut to Neutral from Overweight at J.P. Morgan, which also lowers its 2012 EPS forecast to reflect lower estimates for phosphate prices and potash volumes. Prices are moving lower and may continue to do so following capacity additions in the Middle East, JPM says as it reduces price targets for MOS, POT -1.1% and [[AGU] -1.6%.
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Company Description
Potash Corp of Saskatchewan Inc is an integrated fertilizer and related industrial and feed products company. It owns and operates five potash mines in Saskatchewan and one in New Brunswick.
Country: Canada