By CKOM News
German potash company K+S is rejecting a takeover bid by PotashCorp of Saskatchewan (PCS) saying the offer was too low.
“The proposed offer of 41 euros per share doesn’t reflect the value of K+S and is not in the best interest of the company,” the Kassel-based company said in a statement.
PCS confirmed on June 25 it had made a “friendly” bid to acquire the compmany’s assests, which include the Legacy Mine being constructed... // Read Full Article