PotashCorp Says They are Still Hopeful About ICL Takeover

Bloomberg reported that PotashCorp is insisting that their proposed takeover of ICL is still in the works.

As quoted in the market report:

Brownlee said he wanted to clarify some “loose words” in a presentation he made the day before when he said “political events” had put the deal “on hold.” He said Feb. 26 that Saskatoon, Saskatchewan-based Potash Corp. was waiting for the outcome of Israeli talks to form a coalition government after elections last month. The state holds a so-called golden share in Israel Chemicals, allowing it to block a takeover.

To view the whole Bloomberg report, click here.