Potash Call Options, Calling For More (POT, BHP)

Potash Corp. of Saskatchewan, Inc. (NYSE: POT) seems to be trading as though another bid is headed its way. After a $38 billion offer from BHP Billion (NYSE: BHP) valuing the company at $130 per share, Potash has said that the bid will have to be far higher in its rejection. Potash went as far as to adopt an anti-takeover defense with a shareholder rights plan with a 20% trigger.

read more