Bloomberg reported that ICL hit a 16-month high on speculation that a sale to PotashCorp is close.
As quoted in the market report:
With Netanyahu staying in office “there is some chance that he may approve a sale of ICL to Potash Corp.,” Gilad Alper, a senior analyst at Excellence Nessuah said by phone. “The Labor party said very clearly it is against the sale.
In the past year, potash prices dropped to a new low. Could this be the perfect buying opportunity?
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