PotashCorp/BHP
On August 17, 2010 Potash Corp. of Saskatchewan Inc. (NYSE: POT) rejected a $130 per share unsolicited takeover offer from BHP Billiton Ltd. (NYSE: BHP), valued at $38.49 billion.
While the offer represented a 16 percent premium to the prior day's close, PotashCorp. said the offer "substantially undervalues" the company and its prospects.
Potash Corp Chairman Dallas J. Howe said the BHP offer was "an opportunistic effort to transfer that value to its own shareholders."
The day following the takeover offer, share of PotashCorp. closed at $143 per share, on hopes that BHP will raise its offer to consummate a deal.
(Updated - March 23, 2012 1:31 PM EDT)
Mosaic (NYSE: MOS) is trading higher Friday following an upgrade from Neutral to Overweight at JPMorgan earlier. The firm also raised their price target from $57 to $68.
The prospects for the company have "clearly improved" and the replacement value for the company is approximately $92 per share, according ...
102 total articles have been posted to this entity.
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