The K+S Group’s Bethune, Sask., potash facility is back up after a four-day unplanned outage last week, the company has confirmed. The facility was offline for the repair of a boiler stack. Production resumed Friday, June 15.
K+S said the outage will weigh on second-quarter earnings, though it could not provide further details.
OCI Partners LP, Nederland, Texas, said June 19 that the Conflicts Committee of the board of directors of OCIP’s general partner unanimously determined that the revised price being offered as of June 19, 2018, in the tender offer by affiliate and owner of our general partner, OCI NV, to acquire all of the outstanding common units representing limited partner interests in OCIP not currently held by OCI or its affiliates for $11.50 per common unit in cash, is fair to OCIP’s common unitholders. The $11.50 is up from an earlier offer of $11.00 (GM June 8, p. 1).
OCI NV currently owns 88.25 percent of the shares.
The Conflicts Committee recommends, on behalf of OCIP, that unitholders accept the tender offer and tender their common units pursuant to the tender offer, noting however, that unitholders should make the decision to tender based on their own investment objectives.
The Conflicts Committee rejected an earlier offer valued at $7.80 per share (GM April 21, 2017).
