Potash Trading On Its Highs For The Day (POT, BHP)

Shares of Potash Corp. POT have been ticking higher throughout the trading day. Currently, the stock is up 1.26% to $147.79. Potash (POT) is being pursued by BHP Billiton BHP which made an unsolicited $130 per share buyout offer, which was summarily dismissed by POT's board as "grossly inadequate." The trading activity in the stock continues to suggest that some kind of deal is going to get done sooner or later. Year-to-date, POT has jumped 36%.