Intrepid Potash Rises 11 Percent on Koch News

Reuters reported that shares of Intrepid Potash Inc. (NYSE:IPI) rose 11 percent yesterday following the news that Koch Industries Inc. has increased its stake in the company.

As quoted in the market news:

Wichita, Kansas-based Koch, one of the largest U.S. private companies, disclosed in a regulatory filing that it owned 5.2 million shares of Intrepid as of September 30, or 6.9 percent of the company’s outstanding shares. It had owned 1.38 million shares as of June 30, while its subsidiary, Spring Creek Capital, owned 4.125 million shares, or 5.44 percent, according to an August 19 filing.

Click here to read the full Reuters report.