Potash One Agrees to Friendly Takeover by K+S for CAD 4.50 Per Share in Cash
- 31.3% premium over the 10-day weighted average trading price - Potash One's Board of Directors unanimously recommends shareholders tender to the offer - Expected production capacity of up to 2.7 million tonnes would lead to approximately USD 2.5 billion investment in Saskatchewan and the creation of up to 300 highly skilled jobs
K+S Aktiengesellschaft and Potash One Inc. (TSX: KCL) announced today that they have entered into a Support Agreement pursuant to which K+S will make an offer to acquire all of the issued and outstanding common shares(i) of Potash One at a price of CAD 4.50 per share in cash for total consideration of approximately CAD 434 million (EUR 311 million).
- Published: 22 November 2010
- Written by Editor