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Private investors back snubbing of PotashCorp.'s $8.6B takeover bid: K+S

2015-08-11 05:53:04| Chemicals - Topix.net

Norbert Steiner, CEO of K+S Group, says the PotashCorp takeover bid for K+S undervalues the Legacy mine, which is expected to begin production in 2017. K+S AG, which rejected an $8.6 billion takeover approach from Potash Corp. of Saskatchewan Inc., said both private and institutional shareholders back management's stance and agree the offer falls short.

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