Canadian fertilizer producer Potash Corp of Saskatchewan says it is determined to purchase most, if not all, of ICL Israel Chemicals Ltd and that stiff local opposition to such a takeover is based on unfounded fears.Potash, the world's largest producer by capacity of its namesake crop nutrient, is aiming to boost its 14 percent stake in ICL Israel Chemicals, the world's sixth-largest potash producer, to at least 51 percent and preferably 100 percent."The opposition you're seeing now is fear of the unknown," Potash Corp Chief Financial Officer Wayne Brownlee said on Tuesday in remarks at BMO Capital Markets Global Metals and Mining conference in Hollywood, Florida, that were distributed via webcast.The largest shareholder in ICL is the conglomerate Israel Corp Ltd, which owns more than 52 percent, according to Thomson Reuters data. The Israeli government holds a golden share in ICL Israel Chemicals, giving it the authority to decide on any takeover move on the company.
Potash Corporation of Saskatchewan Inc. (PCS) is an integrated fertilizer and related industrial and feed products company. Shares of POT traded higher by 0.36% or $0.1399/share to $38.74. In the past year, the shares have traded as low as $36.73 and as high as $47.67. On average, 3979920 shares of POT exchange hands on a given day and today's volume is recorded at 2218681.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.33% or $0.1/share to $30.10. In the past year, the shares have traded as low as $26.20 and as high as $31.18. On average, 851410 shares of TRI exchange hands on a given day and today's volume is recorded at 357098.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.1% or $0.03/share to $30.93. In the past year, the shares have traded as low as $26.65 and as high as $31.57. On average, 923227 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 161665.
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