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Following Potash Corp. Rejection, BHP Billiton Will Look To Sweet The Deal
Thursday, November 4, 2010 - 9:47am | 109The Canadian government has indicated that it will move to block BHP Billiton's (NYSE: BHP) acquisition of Potash Corporation (NYSE: POT), but will not render a final decision for 30 days, Dahlman Rose & Co. reports. “We anticipate that BHP will look to sweeten its tax, royalty and investment...
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Dahlman Rose Reiterates Hold Rating on Potash Corp. (POT)
Thursday, November 4, 2010 - 9:13am | 184Dahlman Rose & Company is out with a research report this morning, where it reiterates its Hold rating on Potash Corp. (NYSE: POT); it did not provide a price target for the stock. The DR analysts noted that last night the Canadian federal authorities rejected the takeover of Potash Corp citing...
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Canada Blocks BHP's Potash Bid
Thursday, November 4, 2010 - 7:44am | 332Canada blocked BHP Billiton's (NYSE: BHP) ( $39 billion bid for Potash Corp (NYSE: POT) and left little room for a modified offer, throwing the spotlight on how the world's largest miner can find new avenues for growth. Canada said the deal would not benefit the country, delivering a major blow to...
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Canada Surprises Market by Rejection of BHP Billiton's (BHP) Bid for Potash (POT)
Thursday, November 4, 2010 - 7:35am | 1395A quite stunning rejection of the BHP Billiton (BHP) bid for Potash (POT). While "conditional" on the surface, it appears to have driven a stake through the heart of the deal. What is fascinating is these are 2 cultures that both derive from England, so it is not a matter of "some foreigners want...
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Mad Money Lightning Round: Cramer Advises Investors To Hold DuPont (RDWR, DD, POT, OMC, GOOG, WFR, FHN, WFT, NOK, RFMD)
Thursday, November 4, 2010 - 3:01am | 262On CNBC's Mad Money, Jim Cramer said during the Lightning Round that let the shares of Radware (NASDAQ: RDWR) come down, “then pull the trigger." He advises the investors to hold DuPont (NYSE: DD), adding that “Don't give up on Potash (NYSE: POT), either." For Omnicom Group (NYSE: OMC), Jim said, "...
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Canada Rejects BHP's Potash Bid
Wednesday, November 3, 2010 - 9:37pm | 298In a stunning turn of events, Canada's government followed the lead of Saskatchewan's provincial authorities and has rejected BHP Billiton's (NYSE: BHP) $38.6 billion hostile takeover offer for Potah Corp. (NYSE: POT), the world's largest fertilizer producer. Industry Minister Tony Clement has...
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Canadian Government Blocks Potash Bid (BHP, POT)
Wednesday, November 3, 2010 - 4:57pm | 47The Canadian government has blocked the BHP Billiton (NYSE: BHP) bid for Potash (NYSE: POT). Shares of POT are dropping sharply on this news. At last check, shares were down $7.50 to $137.91.
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Intrepid Potash Misses Estimates (IPI)
Wednesday, November 3, 2010 - 4:07pm | 49Intrepid Potash, Inc. (NYSE: IPI) reports Q3 earnings of $0.16 versus consensus of $0.18. Intrepid Potash, Inc. reports revenues of $91.5 million versus consensus of $165.47 million. Potash sales in the third quarter of 2010 were 221,000 tons. Shares of IPI are higher in the after-hours by 2.47%.
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Canpotex Announces Long-term Supply Agreement
Wednesday, November 3, 2010 - 12:16pm | 163Canpotex Limited today announced the signing of a new three-year agreement to supply Tata Chemicals Ltd. (TCL), a key customer in India, with a minimum of 1.5 million metric tons of Saskatchewan potash. The multi-year agreement between Canpotex and TCL covers the period April 1, 2011 to March 31,...
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Company News for November 3, 2010 - Corporate Summary
Wednesday, November 3, 2010 - 9:00am | 820• WellPoint (NYSE: WLP) reported estimate-topping third quarter earnings of $1.74 a share, up from Zacks estimates of $1.58, on revenues of $14.33 billion, above Zacks estimates of $14.22 billion • Aetna (NYSE: AET) topped projections with third quarter results of $0.84 a share, up from Zacks...
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American Vanguard Reports Third Quarter EPS of $.13
Wednesday, November 3, 2010 - 8:05am | 83American Vanguard Corporation (NYSE: AVD), today announced financial results for the three and nine month periods ended September 30, 2010. Fiscal 2010 Third Quarter Financial Highlights – versus Fiscal 2009 Third Quarter: Net sales were $68.3 million compared to $66.4 million. Net income was...
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No Decision From Ottawa On BHP/Potash
Tuesday, November 2, 2010 - 11:14pm | 129Canada's government has yet to make a decision on BHP Billiton's (NYSE: BHP) $38.6 billion hostile bid for Potash Corp. (NYSE: POT) despite the fact that Canadian press reports quoted sources as saying government officials were advocating approval of the bid. The Canadian government has until...
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Benzinga's Political Round Up
Tuesday, November 2, 2010 - 11:01am | 177Australia unexpectedly raised rates last night, sending its currency higher. This is a positive for companies like BHP Billiton Limited (NYSE: BHP), who are based in Australia. The FDIC is suing a failed Illinois bank executives over the losses the bank accumulated, as it looks to recover some $2...
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Tuesday's Mid-day Options Volume Leaders (BAC, AAPL, C, LVS, POT)
Tuesday, November 2, 2010 - 10:30am | 133The overall market is levitating today ahead for the November election results, as well as the much anticipated Fed QE2 announcement. It will be interesting to see if we break to new highs after those events. Currently, the S&P 500 (CBOE: SPX) is trading at $1,192.29, higher by 7.91 points…...
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Monsanto Company (MON) - Bear of the Day
Tuesday, November 2, 2010 - 8:35am | 188We reiterate our Underperform recommendation on Monsanto Company (MON) based on low visibility on the yield performance of SmartStax seed in the coming years. Based on concerns regarding the performance of SmartStax seed, estimates have gone down by 6 cents and 14 cents for fiscal 2011 and 2012,...