Actionable news
0
All posts from Actionable news
Actionable news in POT: POTASH CORPORATION OF SASKATCHEWAN Inc,

Potash & Agrium: Fertile Ground for a Merger

Potash Corp. may have finally found a deal it can get across the finish line.

The $15 billion fertilizer maker is in talks with rival Agrium about a merger of equals. The Canadian companies said their discussions are preliminary, but people familiar with the matter told Bloomberg News that a combination could be announced as soon as next week. If a transaction were to happen between these two leaders in agricultural chemicals, it would cap an M&A history that's been littered with failures.

There was the time BHP Billiton made a $40 billion hostile takeover offer for Potash in 2010, only to have its bid blocked by the Canadian government. Potash then tried to buy Israel Chemicals, but that transaction fell apart in 2013 amid opposition from the Israeli government. And last year, Potash pursued German supplier K+S AG, but its overtures were rejected as too low and...


More