September 8, 2015 / 3:32 PM / in 2 years

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

** K+S shares jump as much as 10.3 pct after German business daily Handelsblatt reports Potash Corp is considering a hostile bid (link: bit.ly/1K5F8iL)

** 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: vikram.subhedar.thomsonreuters.com@reuters.net)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below