Reading Time: 2 minutes Frankfurt | Reuters –– German potash miner K+S rejected PotashCorp’s 7.9 billion-euro (C$11 billion) takeover bid Thursday, saying it was too low and the Canadian suitor could be planning to dismantle the company, putting jobs at risk. K+S, owner of the Morton Salt brand, said the proposal lacked firm commitments to protect the more than […] Read more
K+S rejects PotashCorp takeover offer as too low
K+S shares surge after PotashCorp takeover approach
Reading Time: 3 minutes Frankfurt | Reuters –– Shares in German potash miner K+S leapt as much as 40 per cent on Friday after a takeover proposal from Canada’s PotashCorp, which sources close to the matter said was worth close to eight billion euros (C$11 billion). K+S, which would become the first German blue-chip firm in a decade to […] Read more
Syngenta tests investor support for Monsanto opposition
Reading Time: 2 minutes Zurich/Frankfurt | Reuters — Syngenta will sound out shareholders in the coming days for their views on the Swiss crop chemicals maker’s opposition to rival Monsanto’s US$45 billion takeover approach. Any takeover offer needs to be at a fair price and provide a high degree of certainty that it will clear regulatory hurdles, Syngenta chairman […] Read more
Monsanto’s Syngenta gambit seen hinging on sale of seed businesses
Reading Time: 2 minutes London/Frankfurt | Reuters –– U.S. seeds giant Monsanto is trying to line up buyers for assets worth up to US$8 billion to appease competition authorities before making a fresh takeover approach for Swiss rival Syngenta, possibly within three weeks, industry sources said. Monsanto is expected to tap German chemicals group BASF, an existing joint venture […] Read more
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