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K+S says survey of retail shareholders shows most against PotashCorp offer

2015-08-11 05:53:05| Chemicals - Topix.net

German fertilizer company K+S AG says its retail shareholders are against a multibillion-dollar takeover offer from Potash Corporation of Saskatchewan Inc. A survey of the company's retail, or non-institutional, shareholders released by K+S on Monday showed that 84 per cent of respondents were against PotashCorp's current proposal. PotashCorp is offering 41 euros a share for the company, valuing it at about 7.9 billion euros or C$11.3 billion.

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