The "friendly" take over bid by Potash Corp to buy out K+S is over. The Saskatchewan company has withdrawn their multi billion dollar bid after being repeatedly rejected by K+S.
The German company has stated that the offer is far too low for them to even consider taking to share holders. Potash Corp was offering just shy of $60 per share, which was about $9 more than what stocks were freely trading for this summer.
Following the announcement Monday, K+S stocks fell 24%.