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Potash Corporation of Saskatchewan Inc. (TSX:POT,NYSE:POT) announced that it’s made a private proposal to negotiate the acquisition of K+S Aktiengesellschaft (SWX:SDF).
Potash Corporation of Saskatchewan Inc. (TSX:POT,NYSE:POT) announced that it’s made a private proposal to negotiate the acquisition of K+S AG (SWX:SDF). Based in Germany, K+S is Europe’s largest supplier of potash for use in fertilizer. It’s also the world’s largest salt producer.
As quoted in the press release:
There is no certainty that any offer will ultimately be made or as to the terms on which such an offer might be made.
PotashCorp does not intend to make any additional comments on this matter at this time unless and until it is appropriate to do so, or a formal agreement has been reached.
PotashCorp is the world’s largest integrated fertilizer and related industrial and feed products company by capacity and plays an integral role in global food production. PotashCorp is the world’s largest producer, by capacity, of potash and one of the largest producers of nitrogen and phosphate. These three essential nutrients are required to help farmers grow healthier, more abundant crops. With the global population rising and diets improving in developing countries, these nutrients offer a responsible and practical solution to meeting the long-term demand for food. While agriculture is its primary market, the company also produces products for animal feed and industrial uses. Common shares of Potash Corporation of Saskatchewan Inc. are listed on the Toronto Stock Exchange and the New York Stock Exchange.