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Tata Acquires Stake in Toronto Potash Firm

3:04 PM MDT | May 31, 2011 | Rebecca Coons

Valley Holdings (East Hanover, NJ), a wholly owned subsidiary of Tata Chemicals, says it has acquired a 32.9% stake in potash firm EPM Mining Ventures (Toronto) on an undiluted basis, and another 15.9% of common shares assuming conversion of non-voting shares into common shares on a one-for-one basis. The deal was finalized Monday, upon the closure of a merger deal between EPM and Yukon, Inc,  a Salt Lake City-based mining services firm with Utah potash leases. Before the merger, Valley Holdings acquired 677,612 common shares of Yukon for 67 cts/share cash...

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