New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 4, 2013
11:56 EDTPOT, AGU, CF, MOSFertilizer makers advance after Mosaic's earnings beat expectations
Mosaic (MOS) shares are climbing after the company reported higher than expected second quarter earnings per share and revenue that was roughly in-line with expectations. "Agricultural fundamentals are exceptionally strong around the globe, and that bodes well for Mosaic over the long term," said Mosaic CEO Jim Prokopanko on the company's earnings conference call. U.S. farmers have a great deal of cash, and will use it on products that help them obtain the largest crops possible, added the CEO. However, there are some short-term negatives, as Prokopanko said he would have been happier if China - which earlier this week signed a new contract for Canadian potash - had agreed to pay higher prices for the fertilizer. Furthermore, India's regulations continue to harm the industry, the CEO indicated. Despite these challenges, demand for the company's products in free markets remain strong and should accelerate, Prokopanko reported. In late morning trading, Mosaic (MOS) climbed 2.68% to $58.29, while fellow fertilizer makers rose as well. Agrium (AGU) advanced 1.22% to $103.48, Potash (POT) added 0.98% to $41.34 and CF Industries (CF) climbed 1.73% to $209.83.
News For MOS;AGU;POT;CF From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
July 3, 2015
07:11 EDTPOTPotash says confident K+S concerns can be addressed
Potash Corporation of Saskatchewan (POT) acknowledged the statement issued by K+S Aktiengesellschaft (KPLUF) rejecting its takeover proposal. It stated, "PotashCorp believes the proposed transaction would combine two best-in-class companies with minimal overlap to create a global producer in the nutrient industry for the long-term benefit of investors, customers, employees and the communities where both companies operate. The company affirmed that its proposal is not predicated on closing mines, curtailing production, selling the salt business or cutting jobs." The company added, "PotashCorp has put forward a compelling proposal to negotiate a transaction that it believes balances the interests of investors and other stakeholders, including the employees and communities in which the companies operate. It is encouraged by K+S' response since many of the matters raised have already been addressed in previous correspondence or can be addressed if K+S were to agree to meet with company representatives."
July 2, 2015
09:29 EDTPOTK+S rejects Potash takeover proposal
Subscribe for More Information
07:45 EDTPOTK+S intends to reject takeover bid from Potash, Bloomberg reports
Subscribe for More Information
July 1, 2015
06:49 EDTCFCF Industries to host conference call
Subscribe for More Information
05:20 EDTCFCF Industries agrees to acquire remaining 50% interest in GrowHow for $580M
Subscribe for More Information
June 29, 2015
07:41 EDTAGUAgrium price target raise to $110 from $95 at JPMorgan
Subscribe for More Information
June 28, 2015
19:24 EDTPOTPotash will not divest K+S operations if merger succeeds, Reuters says
Subscribe for More Information
June 26, 2015
16:35 EDTCFKeytrade principals acquire CF Industries’ interest in JV
Subscribe for More Information
05:57 EDTPOTStocks with implied volatility movement; POT WMB
Subscribe for More Information
June 25, 2015
17:43 EDTPOTPotash confirms proposal to K+S Aktiengesellschaft
Subscribe for More Information
15:03 EDTPOTPotash call active on K+S likely to turn down takeover report
Subscribe for More Information
14:59 EDTPOTK+S says assessing options after Potash submitted acquisition proposal
Potash Corporation of Saskatchewan (POT) has informed the board of executive directors and the supervisory board of K+S Aktiengesellschaft (KPLUF) that Potash Corp. may decide, depending on certain conditions, including a due diligence exercise, to offer to the shareholders of the company the acquisition of all outstanding shares by way of public takeover offer, K+S announced. "K+S is currently assessing the available options; this process is still ongoing," the company stated.
14:53 EDTPOTK+S likely to turn down takeover bid from Potash, Bloomberg reports
Potash Corp. (POT) has proposed a takeover offer of more than 40 euros per share to Germany's K+S (KPLUF), but the latter is likely to reject the bid as too low, according to Bloomberg, citing people familiar with the matter. The German potash supplier is still evaluating the bid and no final decision has been made, Bloomberg added. Bloomberg's report follows German newspaper Handelsblatt stating that Potash was eyeing K+S for a possible takeover bid. Reference Link
12:10 EDTPOTHandelsblatt says Potash may target K+S, Bloomberg reports
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use