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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| K Plus S AG (QX) | USOTC:KPLUF | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 13.25 | 12.46 | 14.25 | 0.00 | 21:13:57 |
From Jun 2019 to Jun 2024
By Sarah Sloat
FRANKFURT--German salt and fertilizer company K+S AG (SDE.XE) on Thursday rejected a takeover approach worth 7.85 billion euros ($8.75 billion) by rival Potash Corp. of Saskatchewan (POT) saying the proposal undervalued the company.
"The proposed transaction does not reflect the fundamental value of K+S and is not in the best interest of the company," K+S said in a statement.
K+S was widely expected to rebuff the offer from Potash, which offered EUR41 a share.
The German company, which is developing a mine in the Canadian province of Saskatchewan, said the offer undervalues its products and projects. Potash also hasn't demonstrated a firm commitment to its employees' interests, K+S said.
A spokesman for Potash declined to comment.
Write to Sarah Sloat at sarah.sloat@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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