Bloomberg: Potash Seeing A lot of Interest (POT)

Bloomberg is reporting this morning that integrated fertilizer producer, Potash Corporation of Saskatchewan Inc. POT, which recently received a $130.00 per share offer from BHP Billiton plc BHP was recently contacted by both Sinochem Group and Vale S.A. VALE. The article said that both Sinochem and Vale made initial inquiries with POT’s board of directors late last week about the possibility of holding merger talks. “If the Potash board decides to go with the poison pill of having a Chinese company -- Sinochem -- buy a stake, and BHP goes ‘let’s get out of here,’ they’re then left with the Chinese on the register,” Glyn Lawcock, an analyst at UBS AG, said by phone from Sydney. That “then becomes basically an inhibitor to any future flows. Then their share price is going to fall dramatically,” he said. A bid for the company is now expected to be over $150.00. For the full article, please click here.