PotashCorp announced that it has received, and rejected as "grossly inadequate", a US$130/POT share offer from BHP Billiton
Since this bid has gone hostile, analysts rate the possiblility of a higher bid coming in as strong, since that is what happens when a bid goes hostile [probably in the $163 range]
Russian producers, Uralkali and Silvinit, are on the verge of a merg
With rising nitrogen and phosphate prices off-season and lagging potash prices, drought and flood induced shrinking global food supplies and the new Russian consolidation efforts of
putting Uralkali and Silvinit together by several billionaires, it prompted BHP to act now or never, though there remains a possible competing bid coming in for POT, since the threshold of shareholder support went from 66.6% down to 50.01%
In some analysts view this is positive news for small cap greenfield producers like KCL, & they rate them as #1 KCL , #2 WPX, #3 MAA
