| Potash Corp open to raising K+S bid - Globe & Mail | |
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July 8 (Reuters) - Potash Corp of Saskatchewan Inc is confident that K+S AG shareholders would accept its $8.7 billion bid, but is open to raising it if its German rival could reveal more value not currently seen by the Canadian company, the Globe and Mail reported, citing a source close to the deal. K+S last week rejected Potash Corp's bid, saying it was too low and that the Canadian suitor could be planning to dismantle the company, putting jobs at risk. Potash Corp said on July 3 it was confident of addressing concerns raised by K+S and that it would seek to meet with K+S's management as soon as possible. If K+S gave Potash Corp access to its books and the Canadian company found more value, it could raise the bid, the newspaper reported. (http://bit.ly/1KMMYiL) "If we sit down and do due diligence and they can demonstrate some incremental value to us, we might have an extra euro for them. I wouldn't rule that out," the daily quoted the source as saying. Reuters could not immediately reach Potash Corp or K+S for comment. (Reporting by Supriya Kurane in Bengaluru; Editing by Gopakumar Warrier)
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Potash Corporation of Saskatchewan Inc.
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CODE : POT.TO |
ISIN : CA73755L1076 |
CUSIP : 73755L1076 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Potash Corp. is a producing company based in Canada. Potash Corp. is listed in Canada. Its market capitalisation is CA$ 21.7 billions as of today (US$ 17.2 billions, € 14.4 billions). Its stock quote reached its lowest recent point on March 24, 1995 at CA$ 10.00, and its highest recent level on September 21, 2007 at CA$ 99.07. Potash Corp. has 840 009 984 shares outstanding. |