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    PotashCorp Walks Away from ICL Takeover

    Investing News Network
    Apr. 25, 2013 08:10AM PST
    Potash Investing

    The Globe and Mail reported that PotashCorp has elected to abandon its six-month long quest to for Israel’s ICL, amid growing political pressure from the Israeli government.

    The Globe and Mail reported that PotashCorp  has elected to abandon its six-month long quest to for Israel’s ICL, amid growing political pressure from the Israeli government.

    As quoted in the Globe and Mail report:

    Israeli officials including finance minister Yair Lapid opposed a deal with Potash Corp. because it would put a key state asset into the hands of the already massive Canadian fertilizer company.

    To view the whole Globe and Mail report, click here.

     

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