(Dave Bedard photo)

PotashCorp not planning to increase K+S bid

Reuters — Canada’s PotashCorp does not plan to sweeten its bid for German rival K+S AG, several people familiar with the Canadian mineral miner said, downplaying a media report that it would consider such a move. The proposed bid of 41 euros (C$58) per share already represented an unusually high premium and should not be


(Dave Bedard photo)

PotashCorp says can address K+S concerns about tie-up

Frankfurt | Reuters — Canada’s PotashCorp said it was confident of addressing concerns raised by K+S over its 7.9 billion euro (C$11 billion) takeover proposal for the German potash miner, giving K+S’s stock a boost. K+S rejected PotashCorp’s proposed bid as too low on Thursday, saying its suitor could be planning to dismantle and shrink

(K-plus-S.com)

K+S rejects PotashCorp takeover offer as too low

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



(Dave Bedard photo)

Germany’s K+S seen likely to reject PotashCorp offer

Frankfurt | Reuters — Germany’s K+S will likely reject a seven billion-euro (C$9.7 billion) takeover offer from Canadian fertilizer group PotashCorp, a person familiar with the situation said Thursday. K+S’s management and board are still due to discuss the offer from Saskatoon-based PotashCorp, and a decision has not yet been taken, but at first sight


(Dave Bedard photo)

PotashCorp evaluating SQM, ICL stakes

New York | Reuters –– PotashCorp CEO Jochen Tilk said Thursday he views the company’s stakes in fertilizer companies Sinofert and Arab Potash Co. as “strategic,” but continues to review whether to keep its shares in ICL and SQM. Tilk, speaking at a BMO investor conference in New York, said if Saskatoon-based PotashCorp could not

(Dave Bedard photo)

PotashCorp, Mosaic profits climb less than expected

Reuters — North America’s two biggest potash producers, PotashCorp and Mosaic Co., reported larger first-quarter profits on Thursday, but results missed expectations. Saskatoon-based PotashCorp, the world’s biggest fertilizer maker by market capitalization, cut its full-year profit forecast, and both companies warned potash prices could slide. Prices are yet to recover after a collapse in 2013,


(Dave Bedard photo)

Cost-cutting Mosaic CEO collects $5.5M pay raise

Reuters — U.S. fertilizer producer Mosaic Co. boosted its CEO’s pay last year by more than $5 million as a reward for slashing costs and jobs, a regulatory filing shows. Construction of excess potash capacity and fiercer competition have pressured the sector, and leading North American producers Mosaic, PotashCorp and Agrium have chopped expenses. Mosaic

(Photo courtesy Agrium)

Saskatchewan aims to ease potash tax’s price reliance

Winnipeg | Reuters — Resource-rich Saskatchewan wants to change the taxes it charges on production of potash, to better reflect output and lessen the influence of potash prices, the province’s economy minister said Thursday. Potash prices have weakened since 2012 as capacity has increased. Competition has also sharpened since the 2013 breakup of Belarusian Potash