New Israeil Government Coalition Make ICL Sale to PotashCorp More Likely

Bloomberg reported that the stock price for ICL climbed to a month-long high on news that a sale to PotashCorp is becoming more likely with the new Israeli government coalition.

As quoted in the market report:

 Shares of the Israeli company that makes fertilizers and potash gained 2.3 percent, the most since Jan. 28, before adding 1.1 percent to 48 shekels at the close in Tel Aviv in 64 percent of the three-month average daily volume. Controlling stakeholder Israel Corp. advanced 1.4 percent and the benchmark TA-25 index rose 0.9 percent, the most since Feb. 20.

To view the whole Bloomberg report, click here.