PotashCorp Walks Away from ICL Takeover
Apr. 25, 2013 08:10AM PST
Potash InvestingThe 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.