Source: Potash One

K+S Aktiengesellschaft and Potash One Inc. have entered into a Support Agreement pursuant to which K+S will make an offer to acquire all of the issued and outstanding common shares of Potash One at a price of CAD 4.50 per share in cash for total consideration of approximately CAD 434 million (EUR 311 million).

The Potash One board of directors has unanimously determined that the transaction is fair to Potash One shareholders and is in the best interests of the company and its shareholders. The board recommends that shareholders tender their common shares to the offer. Potash One's board has received an opinion from GMP Securities L.P. that the consideration to be received by the Potash One shareholders under the offer is fair from a financial point of view to those shareholders. 

Original news release