Potash POT shares soared last week after BHP Billiton 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. VALE and Chinese chemical firm Sinochem. This news has helped spark a rally in fertilizer names this morning.
Agrium AGU is up $1.35, or 1.96%, to $70.06.
CF Industries CF is higher by 54 cents, or 0.60%, to $90.55.
Mosaic MOS is surging $2.41, or 4.25%, to $59.05.
Intrepid Potash IPI is up 15 cents, or 0.63%, to $23.87.
Market News and Data brought to you by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In:
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in