Potash Corp. rejects $130-share bid from BHP

Quote from atticus:

Wow, you know what they're going to earn in 2011, Kreskin? You're amazing! Next time adjust the forward PE for a price of 145. These are not oil reserves they're buying.

Semi-reliable forward earnings are more valuable than fully reliable past earnings for valuation.
 
Still patiently waiting for a short entry, might miss the move, but I have a suspicion it will hold out through options expiration. And if we do get the shorts running, I short around 148. Goodluck
 
When is this mega monopoly game going to stop?

The result of bank mergers were disastrous.

Mergers of these types of enterprises are dangerous financially and a potential security threat.

What if/when BHP or RIO end up in the hands of the Chinese?

They're already a monopoly in steel, etc.

Nobody needs another fucking cartel!!!

We've already got OPEC for that.

When are the morons who approve this shit going to wake up???
 
Quote from risktaker:

When is this mega monopoly game going to stop?

The result of bank mergers were disastrous.

Mergers of these types of enterprises are dangerous financially and a potential security threat.

What if/when BHP or RIO end up in the hands of the Chinese?

They're already a monopoly in steel, etc.

Nobody needs another fucking cartel!!!

We've already got OPEC for that.

When are the morons who approve this shit going to wake up???

Harper has already stated that any takeover/merger attempt of POT would be reviewed as per the Investment Act. Doesn't mean it won't still go through at some point, but it is possible it will be rejected.
 
$370,000,000+ payday if they take the company for $130+ a share.

All done and said he will probably take home over $400,000,000 dollars.




PotashCorp Chief In Line For $370 Million
Financial Times | August 20, 2010 | 09:33 AM EDT

The chief executive of PotashCorp [ POT 148.40 +0.47 (+0.32%) ] stands to make at least $370m (€288.7m) if BHP Billiton succeeds in taking over the company for $130 a share and possibly more, if market expectations of a higher bid, possibly from China, prove accurate.

Bill Doyle, chief executive since 1999, has amassed ordinary shares and options that are worth $372m at BHP Billiton’s [ BHP 67.18 -1.00 (-1.47%) ] opening bid, according to a calculation by the Financial Times.

Mr Doyle owns 2.9m options exercisable at strike prices from about $10 to about $60 a share. He also owns nearly 470,000 ordinary shares, according to the company’s latest regulatory filling in February.
 
Quote from S2007S:

$370,000,000+ payday if they take the company for $130+ a share.

All done and said he will probably take home over $400,000,000 dollars.




PotashCorp Chief In Line For $370 Million
Financial Times | August 20, 2010 | 09:33 AM EDT

The chief executive of PotashCorp [ POT 148.40 +0.47 (+0.32%) ] stands to make at least $370m (€288.7m) if BHP Billiton succeeds in taking over the company for $130 a share and possibly more, if market expectations of a higher bid, possibly from China, prove accurate.

Bill Doyle, chief executive since 1999, has amassed ordinary shares and options that are worth $372m at BHP Billiton’s [ BHP 67.18 -1.00 (-1.47%) ] opening bid, according to a calculation by the Financial Times.

Mr Doyle owns 2.9m options exercisable at strike prices from about $10 to about $60 a share. He also owns nearly 470,000 ordinary shares, according to the company’s latest regulatory filling in February.

$130 is already out of the question so this is irrelevant.
 
Back
Top