PotashCorp rumoured to have started “hostile takeover” preparations
Published: Thursday, 10 September 2015
The Canadian fertiliser giant is reported to have hired a third advisory bank in preparation for submitting a hostile bid to K+S, which has repeatedly refused proposals for a takeover from PotashCorp.
Canada’s Potash Corp. of
Saskatchewan Inc. (PotashCorp) has been the subject of a number
of newspaper reports suggesting that the fertiliser giant is
soon to submit a hostile takeover bid to the shareholders of
German potash miner, K+S AG.
German newspaper Handelsblatt suggested on Tuesday...