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Germany: K+S confirms mining takeover proposal from Potash Corp

By  |  June 28, 2015
Germany: K+S confirms mining takeover proposal from Potash Corp

German potash producer K+S said on Thursday it has received a takeover proposal from larger Canadian rival Potash Corp of Saskatchewan, starting a new takeover saga in the fertilizer industry.K+S said it was assessing its options. A source close to the matter said K+S will likely reject the 7 billion euro takeover offer as too low.

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    It is Potash Corp’s second bid for K+S. A bid to acquire a majority stake in K+S in 1997 was blocked by the German competition watchdog.

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