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Wednesday, March 18, 2015

Potash Corp says quit SQM board over handling of allegations, (NYQ: POT)

Potash Corp of Saskatchewan said on Wednesday that its three representatives quit the board of Chilean fertilizer group SQM due to concerns that SQM was not adequately investigating allegations of wrongdoing or fully cooperating with Chile's public prosecutor. "It has become clear that given our minority and dissident position on the board, we are unable to ensure either that an appropriate investigation is conducted or that SQM collaborate effectively with the public prosecutor," Potash Corp said in a statement on its website.

Potash Corporation of Saskatchewan Inc. (PCS) is an integrated fertilizer and related industrial and feed products company. Shares of POT fell by 0.96% or $-0.32/share to $33.13. In the past year, the shares have traded as low as $31.39 and as high as $38.58. On average, 3678930 shares of POT exchange hands on a given day and today's volume is recorded at 1862744.