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Actionable news in POT: POTASH CORPORATION OF SASKATCHEWAN Inc,

Potash Corp. Rallies Amid Speculation of Possible Takeover

  • Rumors of several unsolicited bids emerge, analysts say
  • Stock has dropped 46 percent in past year on tumbling prices

Potash Corp. the world’s second-largest producer of its namesake fertilizer, is rallying amid rumors of a possible takeover of the Saskatchewan-based company.

Potash Corp. gained 0.9 percent to close at C$21 in Toronto, after climbing as much as 6.6 percent to C$22.18, the highest price since June 24. The stock has declined 46 percent in the past year.

There are rumors of several unsolicited bids for the company as the stock reached historical lows, said Jonas Oxgaard, an analyst with Sanford C. Bernstein & Co. A bid may come from any of the company’s competitors, including CF Industries Holdings Inc. or Agrium Inc., and if BHP Billiton Ltd...


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