IPI Aug $24 calls up 483%. A competitor, Potash (POT), rejected unsolicited $38.49B bid from BHP Billiton. This seemed to have sparked a stock market rally.
BHP Billiton is an Anglo-Australian mining giant, and Potash Corp., the world's largest fertilizer producer. Potash's chief executive, Bill Doyle, has dismissed the offer, saying the company won't be "stolen from shareholders."
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