Here we go again. Almost a year after Potash Corp. of Saskatchewan attempted to boost its stake in Israel Chemicals, the fertilizer giant is making another approach. But this time it could be for the whole company.
The question now is whether Potash can afford it.
For the Canadian company, hiking its 14 per cent stake in ICL to say, 50 per cent, would cost $4.7-billion, based on current market values, and acquiring all of ICL would cost at least $13-billion, according to BMO Nesbitt Burns.