Potash Corp. to Buy Back 5 Pct of Shares

Potash Corp. of Saskatchewan Inc. to Repurchase Up to 15.8 Million Shares Over One-Year Period

NEW YORK (AP) -- Potash Corp. of Saskatchewan Inc., a Canadian fertilizer maker, said Wednesday its board approved the repurchase of up to 15.8 million shares, or about 5 percent of its outstanding common stock, over a one-year period.
As of Dec. 31, the company had 316.4 million shares outstanding.

Potash Corp. shares jumped $7.85, or 6.5 percent, to $128 in premarket trading.