Potash Corp. of Saskatchewan kills Israel Chemicals takeover attempt

Stockhouse Editorial
0 Comments| April 25, 2013

Potash Corporation of Saskatchewan (TSX: T.POT, Stock Forum) Thursday said it is abandoning efforts to take over Israel Chemicals following strong opposition from workers and politicians in that country.

Potash currently has a 14% stake in Israel Chemicals, the world's sixth-largest potash producer.

The world's largest potash producer also reported first-quarter earnings that beat estimates, although its second quarter guidance of 70 cents to 85 cents per share is below the analyst consensus estimate of 89 cents per share.   

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