Metals and Mining
Potash CEO: BHP Won't Be 'Only Bidder'
Doyle, who again trumpeted Potash's high-quality Saskatchewan deposits, added that some of the company's holders "have been adding to their positions" since BHP's pursuit first came to light.
Meanwhile Tuesday, speculation of a white knight emerging from China continued to heat up, with Dow Jones Newswires reporting that chemical conglomerate Sinochem has been in talks with the Singapore sovereign wealth fund Temasek Holdings about pooling funds to make a run at Potash. Potash shares were trading Tuesday afternoon at $149.66, up 0.8% from the previous close on lighter-than-average volume. -- Written by Scott Eden in New YorkRELATED STORIES:
>To contact the writer of this article, click here: Scott Eden. >To follow the writer on Twitter, go to http://twitter.com/ScottEden. >To submit a news tip, send an email to: tips@thestreet.com.
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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|---|---|---|---|---|
| 12,454.83 | 1,317.82 | 2,837.53 | 17.45 |
Oil *
107.26
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74.92 |
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2.86 |
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1.85 |
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0.14 |
10 Yr
1.74%
SPDR Gold
152.68
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-0.60%
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-0.22%
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-0.07%
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-0.80%
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