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Stock Market & Financial Investment News

News Breaks
April 6, 2014
19:24 EDTPOTPotash appoints Jochen Tilk president and CEO, Bill Doyle to step down
Potash Corporation of Saskatchewan announced that the board of directors has appointed Jochen Tilk as president and CEO, effective July 1. The company added, "After 27 years of dedicated service - during which Potash Corp grew to become the world's largest crop nutrient company - Bill Doyle will step down as President and CEO, but remain employed with the company as a Senior Advisor through June 2015." "We're pleased to announce Jochen Tilk as the next president and CEO of PotashCorp. Jochen is known for his focus on operational excellence and disciplined growth, and the entire board agreed he was the right person to lead the company forward," said Dallas Howe, chairman of the board. "The board undertook a rigorous, three-year selection process for the new CEO that included the use of international executive search firms and a review of both internal and external candidates." Tilk comes to PotashCorp after a 30-year career in the mining industry, most recently serving as President and CEO of Inmet Mining.
News For POT From The Last 14 Days
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July 3, 2015
07:11 EDTPOTPotash says confident K+S concerns can be addressed
Potash Corporation of Saskatchewan (POT) acknowledged the statement issued by K+S Aktiengesellschaft (KPLUF) rejecting its takeover proposal. It stated, "PotashCorp believes the proposed transaction would combine two best-in-class companies with minimal overlap to create a global producer in the nutrient industry for the long-term benefit of investors, customers, employees and the communities where both companies operate. The company affirmed that its proposal is not predicated on closing mines, curtailing production, selling the salt business or cutting jobs." The company added, "PotashCorp has put forward a compelling proposal to negotiate a transaction that it believes balances the interests of investors and other stakeholders, including the employees and communities in which the companies operate. It is encouraged by K+S' response since many of the matters raised have already been addressed in previous correspondence or can be addressed if K+S were to agree to meet with company representatives."
July 2, 2015
09:29 EDTPOTK+S rejects Potash takeover proposal
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07:45 EDTPOTK+S intends to reject takeover bid from Potash, Bloomberg reports
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June 28, 2015
19:24 EDTPOTPotash will not divest K+S operations if merger succeeds, Reuters says
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June 26, 2015
05:57 EDTPOTStocks with implied volatility movement; POT WMB
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June 25, 2015
17:43 EDTPOTPotash confirms proposal to K+S Aktiengesellschaft
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15:03 EDTPOTPotash call active on K+S likely to turn down takeover report
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14:59 EDTPOTK+S says assessing options after Potash submitted acquisition proposal
Potash Corporation of Saskatchewan (POT) has informed the board of executive directors and the supervisory board of K+S Aktiengesellschaft (KPLUF) that Potash Corp. may decide, depending on certain conditions, including a due diligence exercise, to offer to the shareholders of the company the acquisition of all outstanding shares by way of public takeover offer, K+S announced. "K+S is currently assessing the available options; this process is still ongoing," the company stated.
14:53 EDTPOTK+S likely to turn down takeover bid from Potash, Bloomberg reports
Potash Corp. (POT) has proposed a takeover offer of more than 40 euros per share to Germany's K+S (KPLUF), but the latter is likely to reject the bid as too low, according to Bloomberg, citing people familiar with the matter. The German potash supplier is still evaluating the bid and no final decision has been made, Bloomberg added. Bloomberg's report follows German newspaper Handelsblatt stating that Potash was eyeing K+S for a possible takeover bid. Reference Link
12:10 EDTPOTHandelsblatt says Potash may target K+S, Bloomberg reports
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