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Businessweek reports that Potash Corp. of Saskatchewan Inc. (TSE:POT) announced plans to repurchase as much as $2 billion of its stock.
Businessweek reports that Potash Corp. of Saskatchewan Inc. (TSX:POT) announced plans to repurchase as much as $2 billion of its stock.
The market news is quoted as saying:
Potash Corp. may repurchase 14.6 million traded shares, or about 4.9 percent of its stock, at market prices, it said yesterday in a statement. The Saskatoon, Saskatchewan-based company, which has a year to complete the plan, said it intends to buy back the stock by Dec. 31.