31 October 12 10:19–Canada’s Potash Corporation of Saskatchewan Inc. (NYSE; TSX: POT) is seeking to merge with Israel Chemicals Ltd. (TASE: ICL), in which it holds a 13.84% stake.

In a statement to the TASE today, Israel Chemicals controlling shareholder, Israel Corporation (TASE: ILCO) said, “The company confirms that it is aware that Canada’s Potash Corporation is in contact with various government authorities, and has even met with the Israeli prime minister, about a possible merger of Israel Chemicals with Potash. Top company executives are present at Potash’s meetings with the Israeli government.”

“No deal has been formulated, and no business approach has been made by Potash to Israel Chemicals. There is no assurance that business negotiations will begin between the company and Potash, no assurance that a deal will be reached, or that the parties will sign an agreement, and no assurance that an agreement, if reached, will be closed.”…Read More>>

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