likely outcome for Potash

I do not think Chinese companies will bid for Potash. They may participate in some sorts of financing. The most likely case is BHP comes back for a friendly offer around 155 U$. Anything above that will require a vote from BHP shareholders which will add lots of uncertainties. The process may frustrate traders because it will be slow. I will buy under 146 U$ and sell above 150U$. The downside is 130 U$