PotashCorp acquisition speculation heats up

Saskatoon-Speculation has been heating up that Potash Corp. of Saskatchewan Inc. may be a takeover target. Such has been mentioned before; however, two recent suggestions, one by Canada’s Financial Post and another by a financial analyst, have returned the speculation to the front burner. A PotashCorp spokesman last week said the company does not respond to rumors or speculation. While one of its competitors might try and acquire PotashCorp, others suggest that mining giants BHP Billiton or Rio Tinto, both looking to get into the potash market, might find an easier entrance by buying PotashCorp than going to the trouble of starting their own greenfield projects.