Potash Corp. of Saskatchewan Inc. has killed its $8.7-billion (U.S.) proposal for K+S AG, saying its German rival's lack of co-operation and the weaker commodities market no longer made a merger attractive.
Potash Corp. of Saskatchewan Inc. would use its enormous clout to sell K+S AG's Canadian potash if it succeeded in buying its German rival, the Canadian company's chief executive officer said on Thursday.
Potash Corp. of Saskatchewan Inc. chief executive Jochen Tilk on Wednesday told a conference that upcoming pricing negotiations with China won't be easy, which doesn't exactly bode well for prices in the potash market.
Looking at the universe of stocks we cover at Dividend Channel, on 10/8/15, Glacier Bancorp, Inc. (NASD: GBCI), Clarcor Inc. (NYSE: CLC), and Potash Corp. of Saskatchewan Inc. (NYSE: POT) will all trade ex-dividend for their respective upcoming ...
Potash prices have been in a multi-year slump, and unfortunately for producers such as Potash Corp. of Saskatchewan Inc., analysts at Macquarie Group don't see the situation improving anytime soon. In fact, they think it will get significantly worse.