The world’s eight largest potash miners, whose market control already exceeds that of oil cartel OPEC, are poised to tighten their grip on prices of the crop fertilizer as proposed mergers consolidate sales channels.
Glencore International Plc, seeking to buy Xstrata Plc for 24 billion pounds ($38.2 billion), is likely to raise its agreed all-share offer in April by as much as 18 percent, according to HSBC Holdings Plc.
June 28 (Bloomberg) -- On today's "Three vs. Trish," MKM Partners' Michael Genovese, KeeneOnTheMarket.com's Andrew Keene and Bloomberg's Bill Maloney talk with Trish Regan about Research in Motion. (Source: Bloomberg)
Options traders are boosting wagers that BHP Billiton Ltd. and potential rivals will bid higher than the $40 billion already offered by the world’s biggest mining company for Potash Corp. of Saskatchewan Inc.
Rio Tinto Group, the third-largest mine operator, may be a more attractive takeover target for BHP Billiton Ltd. than when the world’s biggest mining business bid for the company in 2007, according to HSBC Holdings Plc.
Glencore International Plc and Xstrata Plc, seeking to complete a merger next quarter, are considering changing proposed retention payments for Xstrata executives that have drawn the ire of investors, according to people with knowledge of the situation.