Potash Corp takeover speculation lifts TSX

Mon Oct 19, 4:10 PM
TORONTO (Reuters) - Toronto's main stock index finished higher on Monday, pushed up by speculation that Potash Corp of Saskatchewan could be taken over, and by firmer commodity prices.
Enlarge Photo

(Reuters)

TORONTO (Reuters) - Toronto's main stock index finished higher on Monday, pushed up by speculation that Potash Corp of Saskatchewan could be taken over, and by firmer commodity prices.

The S&P/TSX composite index unofficially closed up 39.43 points, or 0.34 percent, at 11,544.19.

Potash Corp led all notable advancers after a Bank of America Merrill Lynch research report touted the idea that mining giant BHP Billiton could afford to make an all-cash takeover bid for the world's largest fertilizer maker. Potash rose 5.5 percent to finish at C$106.71.

(Reporting by Ka Yan Ng; editing by Peter Galloway)