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Goldman Sachs part of Group to Bid for POT, see details



August 24, 2010 – Comments (2) | RELATED TICKERS: POT , MOS , GS

Per the site:

Hopu Investment Management: Multiple reports Monday pointed to this privately held, China-based private equity fund, which may be trying to put together a consortium of investors that would make a bid for Potash. Goldman Sachs (GS) is one of Hopu's investors. Goldman Sachs investment bankers are serving as advisers to Potash for the defense.

The next major turning point in the deal drama could come Wednesday, when BHP releases its latest financial results and conducts a conference call with analysts and investors.


(There is almost no doubt that POT will be acquired by someone but the real question is "Will the losing bidder go out and bid for the next best thing MOS)



2 Comments – Post Your Own

#1) On August 24, 2010 at 9:59 AM, silverminer (29.94) wrote:

If the first paragraph is correct, then GS is going to be in some hot water. The SEC doesn't like it very much when a bank plays multiple sides of a deal.

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#2) On August 24, 2010 at 10:21 AM, SweetMircha (76.57) wrote:

If POTASH OF SASKATCHEWAN must be overthrown then, let it be by some other canadian owned & operated company. The CDN GOVT should for once step in and help to stop the hostile foreign takeover of one of our most important resources. It involves food production and is a mineral resource that is available in only a few places. This resource needs to remain controlled by the country in which it exists, in this case Canada and by a Canadian owned and based company.

Prime Minister Harper, its your job to protect our country's interests, minerals and resources. Say something, DO something. Don't hand pieces of this precious land away to uncaring foreign interests.

Mary, a proud Canadian that loves her country.

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