Potash Corporation of Saskatchewan

📖 The Scoop

In August of 2010, BHP Billiton, the Australia-based mining giant, launched a $38.6 billion hostile bid to take over the Potash Corporation of Saskatchewan (PotashCorp). The takeover, one of the largest to be attempted since the onset of the global recession in 2008, focused unaccustomed attention on both potash, a vital fertilizer, and Saskatchewan, the lightly-populated Canadian province under whose surface a large percentage of the earth's potash reserves were located. PotashCorp's management rejected the BHP bid, a scant 17% over its share price, as insultingly low. The potash market had been on a rollercoaster over the past years. Potash spot market prices had reached an all-time peak in March of 2009 and then crashed by some 60% over the next few months. This case study discusses this topic

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