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Oct 4 (Reuters) - Potash Corp of Saskatchewan said it has withdrawn its offer for German potash producer K+S , citing a decline in global commodity and equity markets and a lack of engagement by K+S management. "In light of these (challenging) market conditions and a lack of engagement by K+S management, we have concluded that continued pursuit of a combination is no longer in the best interests of our shareholders," Potash Corp CEO Jochen Tilk said in a statement late on Sunday. Tilk said on Sept. 16 that Potash was not actively discussing its takeover proposal with K+S but remained interested in a combination of the fertilizer producers that would aid North American potash sales and offer new access to Europe. (Reporting by Rama Venkat Raman 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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Potash Corp. est une société de production minière basée au Canada. Potash Corp. est cotée au Canada. Sa capitalisation boursière aujourd'hui est 21,7 milliards CA$ (17,2 milliards US$, 14,4 milliards €). La valeur de son action a atteint son plus bas niveau récent le 24 mars 1995 à 10,00 CA$, et son plus haut niveau récent le 21 septembre 2007 à 99,07 CA$. Potash Corp. possède 840 009 984 actions en circulation. |