Ex-Potash Corp. Executive Sells Shares, Washington Service Says
Potash Corp. of Saskatchewan Inc.’s former Chief Operating Officer James F. Dietz has sold about $55.6 million of shares since BHP Billiton Ltd. made a $40 billion takeover offer in August, the Washington Service said.
Dietz, who retired July 1, sold 210,000 shares of Potash Corp. on Sept. 1 at an average price of $145.95 each and another 168,756 shares for an average of $148 on Sept. 3, according to data from the Washington Service, which tracks insider transactions.
Potash Corp., which is based in Saskatoon, Saskatchewan, rejected BHP’s hostile $130-a-share offer as too low. Potash Corp. first reported Melbourne-based BHP’s proposal on Aug. 17.
Dietz, who couldn’t immediately be reached for comment at his home near Chicago or on his mobile phone, also sold 50,000 shares of Potash Corp. at an average price of $102 on Aug. 6, Washington Service data show.
Bill Johnson, a spokesman for Potash Corp., declined to comment.
Potash Corp. fell 48 cents, or 0.3 percent, to $140.90 as of 6:40 p.m. in New York Stock Exchange composite trading.
To contact the reporter on this story: Christopher Donville in Vancouver at cjdonville@bloomberg.net.
To contact the editor responsible for this story: Simon Casey at scasey4@bloomberg.net.
Rate These Stories
Rate this Page