By Tim - http://stockstobuy.org
Shares of Potash Corp. of Saskatchewan, Inc. (POT) are down 4.5% in pre market this morning after Canada is blocking BHP's bid for the company
Potash Corp. of Saskatchewan, Inc. (POT) is trading at $139 in pre market today and has cracked $140 for the first time in awhile. Potash Corp. of Saskatchewan, Inc. (POT) will now have support down around $135 but I can't see the stock falling below $130 any time soon. Potash Corp. of Saskatchewan, Inc. (POT) is probably worth around $150 due to this deal being old and the improving stock market conditions. The problem is the Potash Corp. of Saskatchewan, Inc. buyout premium will be taken out of the stock.
Potash Corp. of Saskatchewan, Inc. is a strong buy below $130.
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Showing posts with label bhp billiton. Show all posts
Showing posts with label bhp billiton. Show all posts
Thursday, November 4, 2010
Wednesday, August 18, 2010
Potash Corp (POT) Stock on Fire - BHP Billiton Offer to Jump?
Shares of Potash Corp. of Saskatchewan, Inc. (POT) are up for the second straight day after the conpany received a buyout offer from BHP Billiton Ltd. (BHP) on Tuesday. At this point, investors are speculating that another company will step up for a higher bid or BHP Billiton will raise their offer. Catharine Sterritt, a guest on CNBC, thinks Potash Corp may get taken over for $160 per share.
From BHP Billiton Website:
Response to Speculation About BHP Billiton and Potash Corporation of Saskatchewan
BHP Billiton confirms that it has made an approach to Potash Corporation of Saskatchewan (PotashCorp) regarding a possible acquisition of PotashCorp at a price of US $130 per common share. To date the Board of PotashCorp has not agreed to engage in discussions.
BHP Billiton continues to review its options and will make a further announcement in due course.
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From BHP Billiton Website:
Response to Speculation About BHP Billiton and Potash Corporation of Saskatchewan
BHP Billiton confirms that it has made an approach to Potash Corporation of Saskatchewan (PotashCorp) regarding a possible acquisition of PotashCorp at a price of US $130 per common share. To date the Board of PotashCorp has not agreed to engage in discussions.
BHP Billiton continues to review its options and will make a further announcement in due course.
Today's Biggest Stock Market Gainers - Top 2010 Stock Gainers - Top 2010 Penny Stocks - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Hot OTC Stocks - Stocks for 2010
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/
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