• According to sources, China’s Sinochem and Brazil-based Vale (NYSE:VALE) are in touch with Potash’s (NYSE:POT) board regarding initial inquiries about a potential merger
• UK-based bank HSBC Holdings (NYSE:HBC) announced Monday that it was in talks with financial firm Old Mutual PLC to acquire a controlling stake in Nedbank Group Ltd., located in South Africa, in a deal that could be valued at as much as $6.8 billion
• Blackstone (NYSE:BX) landed a deal with Great Eagle, one of Hong Kong’s largest property developers, to build high-end apartments in China
• Sanderson Farms (NASDAQ:SAFM) reported Q3 EPS of $1.55 per share, below estimates of $1.87 per share. Revenues fell 3.1% year-over-year to $489.1 million, below Zacks estimates of $518.6 million
• According to a Financial Times report South Korea’s National Pension Service said that it is looking to acquire a 23% stake in Colonial Pipeline Co. from Chevron Corp. (NYSE:CVX)
BLACKSTONE GRP (BX): Free Stock Analysis Report
CHEVRON CORP (CVX): Free Stock Analysis Report
HSBC HOLDINGS (HBC): Free Stock Analysis Report
POTASH SASK (POT): Free Stock Analysis Report
SANDERSON FARMS (SAFM): Free Stock Analysis Report
VALE RIO DO-ADR (VALE): Free Stock Analysis Report
Zacks Investment Research
