K+S Group has announced that Potash Corp. of Saskatchewan Inc. submitted a written proposal to K+S Aktiengesellschaft for the acquisition of all shares.
K+S said PotashCorp has informed the board of executive directors and the supervisory board of K+S Aktiengesellschaft that PotashCorp may decide, depending on certain conditions, including a due diligence exercise, to offer to the shareholders of the company the acquisition of all outstanding shares by way of public takeover offer.
K+S said it is currently assessing the available options and that the process is still ongoing.
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