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    Potash Corp Drops Plans for Israel Chemicals Investment

    Investing News Network
    Jun. 11, 2012 02:56PM PST
    Potash Investing

    Bloomberg reported that Potash Corp. (NYSE:POT) withdrew its proposal for an increased stake in Israel Chemicals (TLV:ICL).

    Bloomberg reported that Potash Corp. (NYSE:POT) withdrew its proposal for an increased stake in Israel Chemicals (TLV:ICL).

    As quoted in the market news:

    The application was taking a long time so we withdrew it,” Bill Johnson, a spokesman for the Canadian company, said today in an interview. The Saskatoon, Canada-based fertilizer company applied in December to Israel’s Ministry of Finance to raise its stake.

    Click here to read the full Bloomberg report.

    nyse:potcanadaisrael chemicals
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