K+S Group said today that a survey of private shareholders showed opposition to a sale of the company to Potash Corp. of Saskatchewan Inc. Some 30 percent of 140,000 private shareholders responded. The company said some 84 percent of the respondents rejected the PotashCorp bid.
"Our private shareholders have made their position clear. They share the assessment of the K+S Board of Executive Directors and Supervisory Board that the current PotashCorp proposal fails to reflect the fundamental value of K+S. At the same time, our private shareholders have given us a clear mandate to keep on realizing what they consider to be attractive future prospects for K+S," said Norbert Steiner, Chairman of the Board of Executive Directors of K+S.
The survey was carried out and evaluated by a market research institute on behalf of K+S.
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