Potash Corp. of Saskatchewan Inc. said it wants to meet with management of K+S AG as soon as possible to address concerns that led the German fertilizer producer to reject its 7.8 billion-euro ($8.7 billion U.S.) takeover offer.
“We are seeking to meet with K+S management at the earliest possible opportunity so that we can jointly discuss our commitments and further specify the details that would form the basis of a successful combination,” Potash Corp. Chief Executive Officer Jochen Tilk said in a statement on Friday.
Potash Corp. (POT.TO) seeks to reassure K+S that it wouldn’t be unraveled after the deal, saying the offer isn’t predicated on closing mines, curtailing production, selling the German company’s salt business or cutting jobs. It repeated the merits of its offer of 41 euros a share, after K+S CEO Norbert Steiner indicated in a earlier statement that a proposal of at least 50 euros a share would be more appropriate.