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Stock Market & Financial Investment News

News Breaks
April 15, 2014
11:44 EDTPOT, BHPPotash Corp. advances after report says BHP could make new bid
Potash Corp. of Saskatchewan (POT) shares are higher this morning following a report that indicated BHP Billiton (BHP) may make another bid for the company. BHP Billiton, a diversified natural resources company, previously tried and failed to buy Potash Corp., an integrated fertilizer and related products maker, in 2010, but failed the government's "net benefit test" and the Saskatchewan government opposed a deal. WHAT'S NEW: The Globe and Mail this morning reported that BHP could consider making a new bid for Potash Corp. The Canadian publication notes that a deal is "not a sure thing," but adds that owning Potash Corp. would be the best way for BHP Billiton to get into the potash business. The Globe and Mail said the value of the potential deal could be "more like $40B," though the "real" cost would be less. BHP has not expressed interest in Potash's operations in phosphate and nitrogen, according to the report, which speculates that BHP could possibly look to sell off those operations and could also look to mothball Potash Corp's $15B Jansen project in Saskatchewan. WHAT'S NOTABLE: The Fly notes that Jochen Tilk will become president and CEO of Potash Corp. on July 1. ANALYST REACTION: Miller Tabak upgraded shares of Potash to Neutral from Sell following the Globe and Mail report. PRICE ACTION: Potash Corp. shares trading in New York were up 60c, or 1.77%, to $34.49 in late-morning trading. Meanwhile, BHP Billiton shares trading in New York were down $1.35, or 1.9%, to $69.89.
News For POT;BHP From The Last 14 Days
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November 23, 2014
17:38 EDTBHPBHP Billiton targets $4B of annualized productivity gains by 2017 end
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17:28 EDTBHPBHP Billiton says on track to complete demerger in 1H15
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November 20, 2014
06:01 EDTBHPBHP Chairman Nasser says demerger 'good' for investors, Daily Telegraph reports
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November 19, 2014
10:00 EDTPOTOn The Fly: Analyst Upgrade Summary
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07:48 EDTPOTPotash upgraded at Raymond James
As previously reported, Raymond James upgraded Potash to Outperform from Market Perform. The firm believes the supply outage at Uralkali will result in a tighter market and benefit western producers. Price target raised to $40 from $38.50.
07:46 EDTPOTPotash upgraded to Outperform from Market Perform at Raymond James
05:51 EDTPOTStocks with implied volatility movement; AGN POT
Stocks with implied volatility movement; Allergan (AGN) 21, Potash (POT) 22 according to iVolatility.
November 18, 2014
13:28 EDTBHPIron ore, steel stocks lower after iron ore prices, China home prices decline
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10:41 EDTPOTFertilizer names rise after Uralkali suspends work at mine
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10:16 EDTPOTPotash continues recent recovery, levels to watch
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November 13, 2014
12:26 EDTPOTKoch Industries reports new Colfax stake in quarterly filing
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November 12, 2014
05:59 EDTBHPBHP Billiton says Nickel West to remain in portfolio as non-core asset
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November 10, 2014
15:51 EDTPOTMorgan Stanley to hold a conference
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14:29 EDTPOTCapital World Investors reports 10.0% passive stake in Potash
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12:07 EDTPOTUSDA lowers corn production forecast by 68M bushels
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