K + S acquires Morton for $1.68 billion
September 28, 2009
WASHINGTON - On Friday, the U.S. Federal Trade Commission cleared K+S AG''s (KPLUF) acquisition of Morton Salt from Dow Chemical Co., according to an article posted on Dow Jones Newswires.
According to the article, with the $1.68 billion acquisition K+S has plans to leverage Morton''s familiar "umbrella girl" brand to expand its salt business in North America.
As part of government approval, the agency required K+S'' U.S. subsidiary to sell its bulk de-icing salt assets in Maine and Connecticut, the story stated.
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