Potash Corp. Determined to Allay Local Fears and Acquire Israel Chemicals

The purchase of Israel Chemicals, which has a market cap of nearly $17 billion, would represent the largest foreign takeover of an Israeli company to date.

Canadian fertilizer producer Potash Corporation of Saskatchewan said Tuesday it is determined to buy most, if not all, of Israel Chemicals and that stiff local opposition to such a takeover is based on unfounded fears.