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K+S Completes Potash Acquisition

2:40 PM MDT | March 24, 2011 | Rebecca Coons

K+S says it has completed its previously announced acquisition of Potash One, whose shares have been delisted from the Toronto Stock Exchange. K+S announced the deal in November, offering to acquire Vancouver-based Potash One for C$4.50/share ($4.41/share), a 24% premium over the closing price for Potash One shares on November 19, the last close before the deal was announced,. The cash offer valued Potash One at $430 million. K+S says it is advancing Potash One’s Legacy project, a planned greenfield potash complex in Saskatchewan with an estimated annual...

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