The U.S. Department of Justice has allowed the sale of K+S’ Americas operating unit, which comprises the company’s Americas salt business, to Stone Canyon Industries Holdings LLC, Mark Demetree and Partners to proceed, K+S said in a statement earlier today.
Now that K+S no longer anticipates any antitrust hurdles, it expects the closing of the sale to be “predominantly probable” from today’s perspective around April 30, 2021. The Americas unit enterprise value amounts to $3.2 billion, with the purchase price payment of around €2.5 billion to be made in cash.