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.
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Mosaic (MOS) Looks Cheap to Peers as Emerging Markets Continue Growing - Barron's
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Notable ETF Movers of the Day 03/25: (XRT) (MOO) (EWZ) Higher; (VXX) (EWJ) (FXE) Lower
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Metal and Mining Stocks Crushed (XME) (GDX) (BHP) (BTU) (SLW) (POT)
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PotashCorp (POT) Taps 52-Week On Bullish $185 Call
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Anadarko Petroleum (APC) Spokesperson "We Do Not Comment on Rumors"
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Anadarko Petroleum (APC) Slightly Higher On Reports BHP Could Be Interested In a Takeover
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Potash (POT) Shares Upgraded to Overweight at JPMorgan
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BofA/Merrill Lynch Resumes Potash Corp. (POT) at Buy
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Gleacher & Co. Maintains a 'Neutral' on Potash Corp. (POT); BHP Scrapped Deal; POT's CEO Needs to Unlock Value
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PotashCorp (POT) Shares Attempt to Pooh-Pooh BHP Bid Rejection
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Notable Mergers and Acquisitions of the Day 11/04: CBKN, TRV, BHP/POT
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PotashCorp. (POT) Lower After Canada Blocks BHP Bid, Gives BHP 30 Days
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Cooper Tire (CTB) Q3 Sales Miss Estimates, Earnings Beat
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Notable ETF Movers of the Day 10/28: GLD, VXX, GDX Higher; UUP, XHB, MOO Lower
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PotashCorp. (POT) Could Trade Up to $157, With or Without the BHP Bid
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Gleacher & Co. Downgrades Intrepid Potash to Neutral; Raises Estimates on IPI, POT & AGU
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BHP Could Raise PotashCorp (POT) Bid to $156 - Analyst
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PotashCorp (POT) Files Complaint Against BHP Billiton (BHP); Alleges False Statements Made in $40B Hostile Takeover Bid
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BHP Billiton (BHP) Extends PotashCorp (POT) Offer While Saskatchewan Questions Bid
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Wall Street Hubbub 9/20: Kenneth Cole Could Sell to Bros Company, BHP Won't Budge on PotashCorp, Teradata Sees Action, Donald Trump Gets Axed
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Wall Street Hubbub 9/16: Saks Back in the Rumor Mill, Couche-Tard Talks to Casey's Shareholders, New PotashCorp. Deal in the Works
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A China-Backed Management Buyout Being Discussed for PotashCorp (POT)
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PotashCorp. (POT) Mover Related To Possible Sinochem Bid
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PotashCorp (POT) Sees Action Late In the Session
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Shareholders: Thanks For the Offer, But We Want More
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Notable ETF Movers of the Day 08/26: USO, FXE, MOO Higher; UNG, VXX, SMH Lower
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SEC Charges Two In Spain for Insider Trading Related to PotashCorp (POT) Takeover
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Wall Street Hubbub 8/23: Tech Rumors Hot and Heavy, Potash (POT) Scours For Bigger Payday, SABMiller Looks at Multi-Billion Beer Deal
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Vale Not Preparing Bid for PotashCorp (POT)
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Notable Mergers and Acquisitions of the Day 8/23: HPQ/PAR, POT/BHP, PACW
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PotashCorp (POT) Board Rejects BHP Billiton (BHP) Takeover Offer, Expects Other Offers to Emerge