Israel blocks PotashCorp bid to acquire ICL

The Israeli government says it does not intend to approve plans by Potash Corp of Saskatchewan to acquire Israel Chemicals Ltd. (ICL; Tel Aviv). Israel's ministry of finance issued a statement, expressing its "professional reservation" about a possible takeover of ICL by PotashCorp. "The subject of a possible merger between Israel Chemicals and PotashCorp is not currently being considered," the statement says. "The Israeli government, which holds a golden share in Israel Chemicals, will not allow any deal that endangers or hurts the...

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