Still patiently waiting for a short entry, might miss the move, but I have a suspicion it will hold out through options expiration. And if we do get the shorts running, I short around 148. Goodluck
When is this mega monopoly game going to stop? The result of bank mergers were disastrous. Mergers of these types of enterprises are dangerous financially and a potential security threat. What if/when BHP or RIO end up in the hands of the Chinese? They're already a monopoly in steel, etc. Nobody needs another fucking cartel!!! We've already got OPEC for that. When are the morons who approve this shit going to wake up???
Harper has already stated that any takeover/merger attempt of POT would be reviewed as per the Investment Act. Doesn't mean it won't still go through at some point, but it is possible it will be rejected.
I hope they buy that f*cker for $50B and the ass falls out of the market. Make BHP bleed. BHP is a short.
$370,000,000+ payday if they take the company for $130+ a share. All done and said he will probably take home over $400,000,000 dollars. PotashCorp Chief In Line For $370 Million Financial Times | August 20, 2010 | 09:33 AM EDT The chief executive of PotashCorp [ POT 148.40 +0.47 (+0.32%) ] stands to make at least $370m (â¬288.7m) if BHP Billiton succeeds in taking over the company for $130 a share and possibly more, if market expectations of a higher bid, possibly from China, prove accurate. Bill Doyle, chief executive since 1999, has amassed ordinary shares and options that are worth $372m at BHP Billitonâs [ BHP 67.18 -1.00 (-1.47%) ] opening bid, according to a calculation by the Financial Times. Mr Doyle owns 2.9m options exercisable at strike prices from about $10 to about $60 a share. He also owns nearly 470,000 ordinary shares, according to the companyâs latest regulatory filling in February.