Potash Corp Eyes SQM

Bloomberg Businessweek reported that fertilizer giant, Potash Corp of Saskatchewan, has its best chance at taking over Societdad Quimica y Minera de Chile SA in seven years as a recent stock slump and trading probe have threatened to looses the chairman’s grip on the fertilizer market.

According to the report:

Chilean regulators accused Julio Ponce, the former son-in-law of dictator Augusto Pinochet, of enriching himself at the expense of other shareholders in the holding companies through which he controls Santiago-based SQM. Ponce, who fended off Potash Corp.’s 2006 attempt to wrest control of SQM, may become a more willing seller as a stock rout and further turmoil in the potash industry pressure his finances, said MBI Inversiones.

Click here to read the full story.