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Monday Market Movement - All in on Bonds!
Monday, August 23, 2010 - 4:49pm | 1368By Phil of Phil's Stock World Bond funds are attracting cash like stocks during the dot-com boom. That’s the headline this morning on Bloomberg, who says: "The amount of money flowing into bond funds is poised to exceed the cash that went into stock funds during the Internet bubble, stoking concern...
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Vale Not Prepping Offer For Potash
Monday, August 23, 2010 - 2:22pm | 120Brazil's Vale (NYSE: VALE), the largest iron ore maker in the world, is not preparing a bid for Potash Corp. of Saskatchewan (NYSE: POT), according to unidentified sources, Reuters reported. Vale, Latin America's biggest company by market cap, has been mentioned as one company that could launch a...
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Potash Bid Shows Something Deeper On Horizon
Monday, August 23, 2010 - 11:46am | 198Buyout rumors continue to swirl around the agricultural stocks after a hostile bid was placed on Potash Corp. (NYSE: POT). BHP Billiton Limited (NYSE: BHP) bid $38 billion or $130.00 per share the fertilizer stock. Potash rejected the offer. The whole agricultural sector soared off this news and...
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Early Morning Movers (JKS, WCRX, MOS)
Monday, August 23, 2010 - 11:34am | 206These three companies are moving solidly higher today on strong volume, particularly important in a weaker market. Shares of Jinko Solar Holding Company Limited (NYSE: JKS) are rising $1.07 today to trade at $25.80 after UBS had positive comments on the solar sector this morning. Volume is very...
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China To The Rescue?? (POT, BHP)
Monday, August 23, 2010 - 11:07am | 261A consortium of investors, led by Chinese private equity firm Hopu Investment Management Co. is looking at launching a rival bid for Potash Corp. (NYSE: POT), after BHP Billiton (NYSE: BHP) announced a $130 cash offer for Potash. This comes from a report in the Wall Street Journal. Yesterday,...
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Fertilizer Stocks Still On Fire (POT, BHP, VALE, AGU, CF, MOS, IPI)
Monday, August 23, 2010 - 10:37am | 146Potash (NYSE: POT) shares soared last week after BHP Billiton (NYSE: BHP) made a hostile bid for the fertilizer company. Now, it is being reported that other suitors have thrown in their names for Potash-namely Vale S.A. (NYSE: VALE) and Chinese chemical firm Sinochem. This news has helped spark a...
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Bloomberg: Potash Seeing A lot of Interest (POT)
Monday, August 23, 2010 - 8:59am | 197Bloomberg is reporting this morning that integrated fertilizer producer, Potash Corporation of Saskatchewan Inc. (NYSE: POT), which recently received a $130.00 per share offer from BHP Billiton plc (NYSE: BHP) was recently contacted by both Sinochem Group and Vale S.A. (NYSE: VALE). The article...
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Before The Bell – What’s In Store For The Market Today?
Monday, August 23, 2010 - 8:46am | 625Stock futures pointed to a higher opening on Wall Street due to a spike in deals and M&A activities, enabling investors to shake off the pessimism previous week following a weaker than expected jobless claims data, negative Philly Fed index, and the southbound Dow. Futures on the Dow is up 46...
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Base Metals Expected to Recover
Monday, August 23, 2010 - 8:02am | 292NEW YORK (TheStreet) -- Base metals opened marginally higher Monday and could recover from Friday's losses as economic data across the U.S. and Europe is expected to be moderate. Gains could be limited, however, as the dollar continues to trade higher and economic weakness persists. Major economic...
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M&A May Be Crushed By New Economic Concerns
Monday, August 23, 2010 - 7:27am | 259M&A is back and investment bankers across the world are counting on large deals to make them highly profitable again. The mergers business was hurt by the economic downturn, M&A deals that failed due to injured earnings, and an LBO boom in 2005 and 2006 that pushed many leveraged firms into...
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Chinese Consortium Takes A Look At Potash
Monday, August 23, 2010 - 6:20am | 188A group of investors led by Chinese private-equity fund Hopu Investment Management is evaluating a takeover bid for Potash Corp. (NYSE: POT), the Wall Street Journal reported, citing a person familiar with the talks. Potash, the largest make of its namesake crop nutrient, rejected a $39 billion...
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Moody's React to Fertilizer Buzz - Analyst Blog
Sunday, August 22, 2010 - 4:33pm | 596Ratings agency Moody's Investors Service, an affiliate of Moody's Corporation (MCO) has recently confirmed its 'Baa1' senior secured ratings on Potash Corporation of Saskatchewan (POT) and downgraded its outlook to "Developing" from "Stable", stated Reuters. Moody's 'Baa' rating is a medium grade...
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Bad ETF Trade Idea Of The Week: Merger Arbitrage ETF
Saturday, August 21, 2010 - 8:24pm | 374August is typically a boring month for the markets, especially when it comes to mergers & acquisitions activity, but that theory was shattered this week with a spate of multi-billion M&A news. In the banking sector, First Niagara Financial (Nasdaq: FNFG) said it would acquire NewAlliance (...
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Agrium Wants Expedient Merger - Analyst Blog
Saturday, August 21, 2010 - 3:28pm | 681Agrium Inc. (AGU) and AWB Ltd. have signed a definite agreement with respect to the merger proposed on Aug 15, 2010. AWB accepted Agrium's A$1.24 billion (US $1.19 billion) acquisition offer discarding Australian grain maker, GrainCorp Limited's all-stock proposal of A$885 million ($850 million)....
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Stock Market News for August 20, 2010 - Market News
Friday, August 20, 2010 - 9:37am | 900Renewed concerns about the pace of the economic recovery sent investors away from stocks as a number of disappointing economic data indicated the pace of economic recovery is uneven. Benchmark indexes fell to their lowest close in nearly a month. The Dow Jones Industrial Average snapped a two-day...