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Stock Market & Financial Investment News

News Breaks
April 15, 2014
11:44 EDTBHP, POTPotash 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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July 31, 2015
06:12 EDTPOTK+S sees no reason for new takeover talks with Potash, Reuters reports
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July 30, 2015
13:15 EDTPOTPotash approach to K+S will continue to be 'friendly'
13:11 EDTPOTPotash says K+S transaction would not impact dividend
Comments from Q2 earnings conference call.
06:29 EDTPOTPotash sees FY15 EPS $1.75-$1.95, consensus $1.86
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06:28 EDTPOTPotash sees Q3 EPS 35c-45c, consensus 43c
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06:27 EDTPOTPotash backs FY15 nitrogen and phosphate gross margin of $1B-$1.2B
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06:27 EDTPOTPotash narrows FY15 volumes to 9.3M-9.6M
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06:25 EDTPOTPotash reports Q2 EPS 50c, consensus 51c
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06:09 EDTPOTPotash sees FY15 EPS $1.75-$1.95, consensus $1.86
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06:06 EDTPOTPotash sees Q3 EPS 35c-45c, consensus 43c
06:04 EDTPOTPotash reports Q2 EPS 50c, consensus 51c
Reports Q2 revenue $1.73B, consensus $1.71B.
July 29, 2015
15:08 EDTPOTNotable companies reporting before tomorrow's open
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12:10 EDTPOTEarnings Watch: Potash shares down approximately 19% since Q1 report
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10:00 EDTPOTOn The Fly: Analyst Downgrade Summary
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07:44 EDTPOTPotash downgraded to Market Perform from Outperform at Raymond James
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July 22, 2015
08:26 EDTPOTK+S preparing for possible hostile bid from Potash, Wirtschaftswoche reports
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05:36 EDTBHPBHP Billiton reports FY15 group production up 9%
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July 21, 2015
13:14 EDTPOTK+S says new Potash offer not enough for takeover talks, Reuters says
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