Potash Corp of Saskatchewan Shares Rise after Takeover Proposal

Mining.com reported that shares in Potash Corp of Saskatchewan Inc. (TSX:POT) rose after Germany’s K+S said it had received a written takeover proposal from the company.

As quoted in the market news,

The Saskatoon-based giant ended the day up 4.3% changing hands at $39.34 at the close on the Toronto Exchange in larger than usual volumes. Potashcorp is worth $33 billion today, but in 2008 when prices were three times current levels was briefly Canada’s most valuable company.

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