NXY underperforming and undervalued For the past while (year(s)), analyst have been reporting on this stock and it wasn't a hidden. It was also reported that China has a hugh chest of money and they would seek out deals. So would India, France, US and others would seek out companies that had good reserves for the future.
China had the international median of exchange (US Dollars) and this company was ripe for the picking. It was surprising it lasted this long before this offer.
POT was an entirely different matter, however, looking back at INCO and Falconbridge, one could come to another conclusion.
Probably policy to review all take-overs and if NXY management in favour, then a plus. POT management was not in favour.
What is the profit for some of US oil, 50 B, so, were they not interested?