In 2010, Billiton, a natural resources company, tried unsuccessfully to buy Potash for $38.5 billion.
Management at Potash and the governments of Saskatchewan and Canada opposed the sale.
According to Globe and the Mail, owning Potash would be the best way for Billiton to get into the business. The publication also notes the deal is "not a sure thing."
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TheStreet Ratings team rates POTASH CORP SASK INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate POTASH CORP SASK INC (POT) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and weak operating cash flow."