Fertilizers & Agricultural Chemicals

Canada's Potash Corp (NYSE: POT) is seeking talks with possible counter-bidders as it fights off an unwanted $39 billion takeover offer from BHP Billiton. Potash, the world's the world's largest fertiliser supplier, said it expected an alternative to emerge after BHP formally launched its $130 per...

Bloomberg 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...

Marketwatch had an article over the weekend about the recent success of the junk bond ETFs and some of the reasons why investors have been so keen on this space. Of more interest to me was a quote in the article from Doug Cliggott from Credit Suisse that focused on the investor psychology that has...

M&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...

A 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...

Total Number of Deals Closed in 2010 56 Total Number of Deals That Did Not Complete in 2010 2 Total Number of Pending Deals Cash Deals 48 Stock Deals 11 Stock & Cash Deals 12 Deals with Special Conditions 00 Total Number of Pending Deals 71 Merger activity continued to...

Ratings 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...

Agrium 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)....

In a Form 4 filed after the bell today, Intrepid Potash Inc. (NYSE: IPI) Director, Hugh E. Harvey Jr., reported that he sold 1,200,000 shares of IPI on August 18th for an average price of $24.71. The transaction totaled $29,652,000. Mr. Harvey owns 3.923 direct shares and 12,686,000 indirect...

Renewed 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...

The title for this post comes from a couple of articles from the other day. One was from The Housing Time Bomb blog (great name) and the other from The Business Insider. First from Housing Time Bomb, Jeff (the blogger in question) asks the very reasonable question that if someone like Stanley...

Stocks managed to close higher for a second consecutive session, but the gains were modest as weakness in energy shares offset strength in retailers’ stocks. Target led the strength in stocks of consumer-discretionary companies after its profit outlook for the current quarter matched Street...