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BHP Could Sell $33B In Assets If It Gets Potash
Thursday, October 21, 2010 - 7:25pm | 164BHP Billiton (NYSE: BHP) could sell $31 billion to $33 billion worth of assets if it is successful in acquiring Potash Corp. of Saskatchewan (NYSE: POT) as part of a post-deal restructuring effort, according to a Deutsche Bank (NYSE: DB) note. BHP, the world's largest mining company, could sell off...
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Monsanto Discards Mini-Offer - Analyst Blog
Thursday, October 21, 2010 - 6:33pm | 327Monsanto Company (MON) rejected the mini buy-out offer of TRC Capital Corporation, a private firm founded by a Canadian securities lawyer, to acquire 2 million shares at $54.15 per share. The offer was discarded as the price was below the trading price on that day. Monsanto has been posting...
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Monsanto Company (MON) - Bear of the Day
Wednesday, October 20, 2010 - 6:09pm | 191We are downgrading our recommendation on Monsanto Company (MON) from Neutral to Underperform based on the weak results that the company posted for fiscal 2010 with an EPS of $2.41, almost halved from $4.41 in fiscal 2009. The increases in cost were the icing on the cake. We believe this will...
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Zacks Bull and Bear of the Day Highlights: RSH,MON,KO,PEP,LMT - Press Releases
Wednesday, October 20, 2010 - 5:54pm | 1908For Immediate Release Chicago, IL – October 20, 2010 – Zacks Equity Research highlights: RadioShack (RSH) as the Bull of the Day and Monsanto Company (MON) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Coca-Cola Co. (KO), PepsiCo (PEP) and Lockheed Martin...
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Monsanto Company Recommends Rejection of $54.15 per Share Offer by TRC
Wednesday, October 20, 2010 - 3:26pm | 138Monsanto Company (NYSE: MON) has been notified of an unsolicited "mini-tender offer" made by TRC Capital Corporation to Monsanto shareowners to purchase up to 2,000,000 shares of Monsanto common stock at a price of $54.15 per share. TRC's offer price represents a discount of $3.15 per share, or...
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Agricultural Stocks On Fire Today (AGU, CF, MOS)
Wednesday, October 20, 2010 - 12:58pm | 160The agricultural group is on fire today, with strong gains across the board. Agrium Inc. (USA) (NYSE: AGU) is up $3.27 to $86.66, a gain of nearly 4%. Volume is also strong today, as AGU has already traded 1.2 million shares. Agrium Inc., produces and markets agricultural nutrients. CF Industries...
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Benzinga's Political Round Up
Wednesday, October 20, 2010 - 11:05am | 150Canada announced it won't back BHP Billiton's (NYSE: BHP) bid for Potash (NYSE: POT), after the Australian-based miner failed to meet demands. China is expanding its embargo on rare earth minerals, as the Chinese and the West are in a trade dispute. This should help shares of Molycorp, Inc. (NYSE...
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SPX “Carpet Bomb” Due to VIX Settlement
Wednesday, October 20, 2010 - 9:52am | 1158The monthly settlement of the CBOE Market Volatility Index (VIX) October options this morning resulted in more than 300,000 out-of-the-money puts trading in the S&P 500 Index (SPX). This program of put buying is referred to as a “Carpet Bomb,” as every strike that is traded is taken into the...
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Benzinga's Top Upgrades (NIHD, MOS, VMW, JNPR)
Wednesday, October 20, 2010 - 6:26am | 143NII Holdings Inc (NASDAQ: NIHD) was upgraded by Goldman Sachs from "neutral" to "buy." NIHD's shares closed at $36.60 yesterday. NII Holdings' earnings are likely to surge by 58.92% in the next year. Citigroup upgraded Mosaic Company (NYSE: MOS) from "hold" to "buy." MOS' shares closed at $64.37...
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Citigroup Upgrades MOS To Buy
Wednesday, October 20, 2010 - 5:53am | 49Analysts at Citigroup upgrade Mosaic Company (NYSE: MOS) from "hold" to "buy." The target price for MOS has been raised from $64 to $78. MOS shares fell 3.44% to close at $64.37 yesterday. More Analyst Ratings here
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BHP's Potash Bid May Be In Trouble
Tuesday, October 19, 2010 - 10:30pm | 256BHP Billiton's (NYSE: BHP) $38.6 billion hostile takeover attempt of Potash Corp. of Saskatchewan (NYSE: POT), the world's largest fertilizer producer, may be facing a major as provincial authorities of Saskatchewan were reportedly set to scuttle the bid. Since the bid was announced over two months...
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BHP's Potash Bid May Be In Trouble
Tuesday, October 19, 2010 - 10:26pm | 256BHP Billiton's (NYSE: BHP) $38.6 billion hostile takeover attempt of Potash Corp. of Saskatchewan (NYSE: POT), the world's largest fertilizer producer, may be facing a major as provincial authorities of Saskatchewan were reportedly set to scuttle the bid. Since the bid was announced over two months...
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BHP's Potash Bid May Be In Trouble
Tuesday, October 19, 2010 - 10:23pm | 256BHP Billiton's (NYSE: BHP) $38.6 billion hostile takeover attempt of Potash Corp. of Saskatchewan (NYSE: POT), the world's largest fertilizer producer, may be facing a major as provincial authorities of Saskatchewan were reportedly set to scuttle the bid. Since the bid was announced over two months...
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Saskatchewan Will Not Back BHP Bid For Potash (BHP, POT)
Tuesday, October 19, 2010 - 4:36pm | 159According to an article in the Globe And Mail, the government of Saskatchewan will not support BHP Billiton's (NYSE: BHP) $38.6 billion bid for Saskatoon based Potash Corp. (NYSE: POT). The province's decision is expected to be made public later this week. BHP has recently balked at certain...
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NVIDIA Corporation (NASDAQ:NVDA) Traders Potentially Looking for Long-Term Upside
Tuesday, October 19, 2010 - 11:19am | 1448An investor seems to have high long-term hopes for NVIDIA (NASDAQ:NVDA) and apparently expressed this belief early Monday with a large purchase of out-of-the-money LEAPS calls. NVDA is a semiconductor company and the inventor of the graphics processing unit (GPU) technology. The shares have...