Compass Minerals has made $95.5 mln from Debt Placement
Compass Minerals declared that it has received net proceeds of about $95.5 million from a private placement of $100 million in 8 percent senior notes due in 2019. For full story, click here
Compass Minerals declared that it has received net proceeds of about $95.5 million from a private placement of $100 million in 8 percent senior notes due in 2019. For full story, click here
K+S, Europe’s largest producer of potash used in fertilizers, declined as much as 5 percent in Frankfurt trading as the German company is said to be considering an offer for Compass Minerals. For full story, click here
Compass said he is modeling 15 percent lower sulfate of potash prices in 2009, and consequently has lowered 2009 profit estimate to $6.25 per share, from an earlier estimate of $7 per share. For full story, click here
Deutsche Bank analyst Jason Miner downgraded the company’s stock to “Hold” from “Buy,” saying commodity potash prices, which have recently risen rapidly, will likely decline in 2009. For full story, click here
Shares of Compass Minerals International Inc. tumbled Tuesday on concerns that the company’s strong specialty fertilizer prices will weaken in 2009. For full story, click here
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