POTASH CORP. OF SASKATCHEWAN $29 - Toronto symbol POT

POTASH CORP. OF SASKATCHEWAN $29 (www.potash corp.com) has dropped its $8.8-billion U.S. offer to buy German fertilizer producer K+S AG. That price is equal to 48% of Potash Corp.’s $23.8 billion (Canadian) market cap. K+S refused to negotiate a friendly deal, and a hostile offer would have faced strong opposition from German regulators on concerns that the company would close some of K+S’s mines. Hold.

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