Bloomberg: Potash Corp. has best shot in years at control of SQM
SQM, Chilean potash producer and exporter of iodine and lithium, has sunk to nearly its cheapest valuation in five years, which analysts say allows Potash (POT), which already owns 32% of the company, its best chance in years of fully taking over.Julio Ponce, also a 32% owner, fended off POT’s 2006 attempt to wrest control of SQM but may become a more willing seller as a stock rout, a trading investigation and further turmoil in the potash industry pressure his finances.While POT’s own stock has dropped, purchasing SQM would allow it to fulfill its strategy of taking control of companies in which it holds stakes