With Agrium (NYSE:AGU) and Potash (NYSE:POT) both involved with potential transactions, Barclays (NYSE:BCS) has suspended ratings on the company until more clarity emerges.
BHP Billiton recently made an offer for Potash, which has now gone hostile, while Agrium made an offer for AWB not too long ago.
Bids like these skew the underlying fundamentals of a company over the short term, and so make them all but impossible to rate.
Barclay's rating on Agrium and Potash were "Overweight" for each one of them.
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