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This can only be good news for Legend. If Potash make an offer say $2.50 the shareprice should jump. Anything less would hardly endear them to IFFCO and would not be taken seriously. I still don't believe even 2.50 would attract enough interest from the main shareholders. To do that would require a much higher offer. Perhaps then Mosaic may decide to have a go. Rival bids? Hmmmmmm
