Potash New Offer for K+S Likely After Summer, K+S’s 2Q: Baader
2015-07-31 07:18:04.728 GMT
By Chiara Remondini
(Bloomberg) -- Baader-Helvea says Potash Corp. new offer
for K+S may come after summer break/K+S’s 2Q, according to note;
brokerage says new offer at between EU45-EU50 likely.
* Baader-Helvea (buy on K+S): Potash Corp.’s mgmt tried to
lower expectations of significantly higher takeover price
* Says Potash Corp.’s wording at 2Q yday more constructive
* Notes K+S’s 2Q consensus has come down by 5% in past 3 weeks
* NOTE yday: Potash Said It May Sell Some Equity Investments
for Acquisitions; Still seeking ‘constructive dialogue’ with
K+S
* NOTE: K+S due to report 2Q on Aug. 13
For Related News and Information:
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To contact the reporter on this story:
Chiara Remondini in Milan at +39-02-8064-4241 or
cremondini@bloomberg.net
To contact the editors responsible for this story:
James Ludden at +44-20-3525-2645 or
jludden@bloomberg.net
Gaurav Panchal
2015-07-31 07:18:04.728 GMT
By Chiara Remondini
(Bloomberg) -- Baader-Helvea says Potash Corp. new offer
for K+S may come after summer break/K+S’s 2Q, according to note;
brokerage says new offer at between EU45-EU50 likely.
* Baader-Helvea (buy on K+S): Potash Corp.’s mgmt tried to
lower expectations of significantly higher takeover price
* Says Potash Corp.’s wording at 2Q yday more constructive
* Notes K+S’s 2Q consensus has come down by 5% in past 3 weeks
* NOTE yday: Potash Said It May Sell Some Equity Investments
for Acquisitions; Still seeking ‘constructive dialogue’ with
K+S
* NOTE: K+S due to report 2Q on Aug. 13
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Chiara Remondini in Milan at +39-02-8064-4241 or
cremondini@bloomberg.net
To contact the editors responsible for this story:
James Ludden at +44-20-3525-2645 or
jludden@bloomberg.net
Gaurav Panchal