Inside these posts: Bill Doyle

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Potash CEO exercises $1.26M in options

From Canada’s Globe and Mail | Potash Corp. of Saskatchewan CEO Bill Doyle, of Winnetka, exercised 124,100 stock options this week, worth about $1.26 million less than two months after predicting the company’s stock price would “blow the doors off” its previous record high of about $240.

The options issued to Doyle a decade ago, had an exercise price of $10.16 and were set to expire Sunday. Earlier this year, Doyle exercised a batch of nearly 200,000 options from that same grant for pretax profits of $17.5 million.

BHP Billiton last week withdrew its $38.6 billion hostile takeover bid for Potash, saying it could not convince Canada’s federal government to approve the deal.Get the full story>>

Potash deal would mean huge payoff for Chicagoan

Potash Corp. moved Thursday to find a buyer willing to top BHP Billiton’s $39 billion hostile offer for the world’s largest fertilizer company as shareholders balked at a bid they consider too light to support.

If a deal goes through, it would mean an extraordinary payday for Potash Chief Executive Bill Doyle, who lives in Winnetka and runs the company out of offices in Northbrook. Get the full story »

Potash’s Chicago ties play into BHP’s hostile bid

BHP Billiton Ltd. took its $38.6 billion offer for Potash Corp. of Saskatchewan Inc. direct to its shareholders, a day after Potash’s board rejected the bid by mining company.

Shares of Potash, the world’s largest fertilizer producer, continued to trade Wednesday well above BHP’s $130-a-share offer. The stock closed at $147.93, up 3.3 percent, on the New York Stock Exchange. Shares soared 27.7 percent Tuesday to close at $143.17, after news of BHP’s offer broke. Get the full story »