Is BHP Billiton Looking at Potash Corp.? (BHP, POT)

The Monday morning M&A rumor-mill is in full force this morning; at the moment traders are hinting that BHP Billiton BHP is looking pick up Potash Corp. POT. The rumored price target for Potash is above $110, over a 20% premium. Front month options on POT are active with the July $95 and $100 calls each being purchased over 1,500 times. Shares of Potash Corp. are lower on the session by 1.04%, currently trading at $92.03. Shares of BHP Billiton are lower on the session as well, by 1.53%, currently trading at $66.80. Learn how to find the best stocks to trade each day in our 70 page E-Book and 90 minute online video for free.