BUZZ-K+S: shares surge on reported hostile bid from Potash

Tue Sep 8, 2015 11:31am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

** K+S shares jump as much as 10.3 pct after German business daily Handelsblatt reports Potash Corp is considering a hostile bid (link:

** K+S shares poised for their biggest one-day rise since the 40 pct surge late June surge following an initial takeover proposal from Potash

** K+S turned down the offer saying the 41 eur/shr offer was too low

** K+S left the door open to a deal last month following stronger than expected quarterly earnings

** Potash Corp shares in Toronto held earlier gains and were trading up 1.1 pct

** K+S would become the first German blue-chip firm in a decade to be bought by a foreign company if deal goes through (RM: