New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 15, 2014
07:46 EDTPOT, BHPPotash Corp. speculated to be targeted again by BHP Billiton, Globe & Mail says
Speculation is "intense" in the fertilizer industry that BHP Billiton (BHP) may again make a bid to take over Potash Corp. (POT) after failing in a prior buyout attempt in 2010, according to the Globe & Mail. Reference Link
News For POT;BHP 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
18:20 EDTBHPShell CEO says Opec production has pressured shale companies, FT reports
In an interview with the Financial Times, Shell (RDS.A, RDS.B) CEO Ben van Beurden said Opec's decision not to cut production has sent a "powerful signal... to shale oil companies as well as their financiers that they cannot forget the price risk. The industry will remember it for some time." The CEO noted that industry efforts to boost efficiency and cut costs should keep production going for "a while to come... until the sweet spots start running out." Publicly traded companies in the space include Chevron (CVX), Anadarko Petroleum (APC), Exxon Mobil (XOM), BP (BP), Marathon Oil (MRO), BHP Billiton (BHP), ConocoPhillips (COP), Pioneer Natural Resources (PXD), EOG Resources (EOG), Concho (CXO), Whiting Petroleum (WLL), and Continental Resources (CLR). Reference Link
June 30, 2015
14:34 EDTBHPIron ore producers slide after Australia cuts price target on the commodity
Shares of iron ore producers are falling after Reuters reported that Australia reduced its 2015 price forecast for iron ore to $54.40 a tonne from $60.40 a tonne. According to Reuters, Australia's current projection on iron ore prices is based on its view that China, the commodity's main market, will produce less steel in 2015 and 2016 as as the seaborne supply of iron ore increases. PRICE ACTION: Cliffs Natural Resources (CLF) is down over 10%, BHP Billiton (BHP) is lower by 2.3%, and Vale (VALE) is down 4% in afternoon trading. Steel stocks, including United States Steel (X), AK Steel Holding (AKS), and Nuco (NUE) are also sliding in afternoon trading.
June 28, 2015
19:24 EDTPOTPotash will not divest K+S operations if merger succeeds, Reuters says
Subscribe for More Information
June 26, 2015
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
06:01 EDTBHPBHP Billiton to cut 140 jobs in South Australia, Herald Sun reports
Subscribe for More Information
June 24, 2015
10:00 EDTBHPOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
05:31 EDTBHPBHP Billiton upgraded to Neutral from Underperform at Credit Suisse
Subscribe for More Information
June 23, 2015
07:01 EDTBHPWestmoreland board approves purchase agreement for San Juan mine
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