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Israel seeks details on PotashCorp bid for ICL

9:03 AM MST | November 9, 2012

The Israeli government says that, for now, 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 on 1 November 2012, 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...

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