By
Canadian mining giant Potash Corporation of Saskatchewan offered to take over German rival K+S AG in a deal that, if successful, would create a company capable of dominating a big chunk of the global market for potash.
Potash Corp. offered K+S roughly €7.8 billion ($8.74 billion), or just over €40 a share in cash, according to a person familiar with the matter, an amount that would rank the proposed acquisition as one of the largest mining deals in recent years.
In a statement, K+S said Potash Corp. had informed its board that the Canadian company “may decide, depending on certain conditions, including a due diligence exercise,” to buy the company.
K+S is likely to reject the offer as too low, according to the person familiar with the matter. K+S is developing a mine in the western Canadian province of Saskatchewan and believes Potash Corp.’s offer doesn’t take into account potential synergies and the dominance this would give it in North America, the person familiar with the matter said.
Potash Corp. confirmed that it had made a private proposal to K+S. “There is no certainty that any offer will ultimately be made or as to the terms on which such an offer might be made,” it said in a statement.
Canadian mining giant Potash Corporation of Saskatchewan offered to take over German rival K+S AG in a deal that, if successful, would create a company capable of dominating a big chunk of the global market for potash.
Potash Corp. offered K+S roughly €7.8 billion ($8.74 billion), or just over €40 a share in cash, according to a person familiar with the matter, an amount that would rank the proposed acquisition as one of the largest mining deals in recent years.
In a statement, K+S said Potash Corp. had informed its board that the Canadian company “may decide, depending on certain conditions, including a due diligence exercise,” to buy the company.
K+S is likely to reject the offer as too low, according to the person familiar with the matter. K+S is developing a mine in the western Canadian province of Saskatchewan and believes Potash Corp.’s offer doesn’t take into account potential synergies and the dominance this would give it in North America, the person familiar with the matter said.
Potash Corp. confirmed that it had made a private proposal to K+S. “There is no certainty that any offer will ultimately be made or as to the terms on which such an offer might be made,” it said in a statement.
Nenhum comentário:
Postar um comentário