Benzinga's M&A Chatter for Thursday June 25, 2015

The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday June 25, 2015: K+S Confirms Potash Approach The Offer:
Shares of Potash Corporation of Saskatchewan Inc POT and other potash-related issues surged higher Thursday, on a report from Bloomberg, that the Canadian fertilizer company made a bid for Germany's K+S Aktiengesellschaf, but that the offer would most likely be rejected. K+S later confirmed that Potash informed the Board of Executive Directors and the Supervisory Board of K+S Aktiengesellschaft that Potash may make an offer to the shareholders of K+S to acquire all outstanding shares by way of public takeover offer. K+S said that it is currently assessing its options and the process is still ongoing. Potash later confirmed that they had submitted a proposal to K+S. Potash shares closed at $31.89 on Thursday, up $1.45. Martha Stewart Living Has Multiple Bidders, NY Post Says The Rumor:
Shares of Martha Stewart Living Omnimedia Inc. MSO rose Thursday, following a report from the NY Post that the company is now attracting multiple bidders, which may include Meredith Corp, MDP and Iconix Brand Group, Inc. ICON. Sequential Brands Group, Inc. SQBG announced on June 22, it was acquiring Martha Stewart Living fOr $6.15/Share, 50% in stock, 50% in Cash. Martha Stewart shares rose almost 4% Thursday, closing at $6.40. General Cable to Sell Asia Pacific Operations for ~$205M The Deal:
General Cable Corporation BGC announced Thursday, it has agreed to sell its Asia Pacific operations to MM Logistics Co., Ltd. for approximately $205 million in cash of $30 million. The deal is expected to close in Q3. General Cable shares lost more than 2% Thursday, to close at $19.90. Valeant Reportedly Made Preliminary Takeover Approach to Zoetis The Rumor:
Shares of Zoetis Inc. ZTS spiked higher just before the close Thurday, on a Wall Street Journal report that Valeant Pharmaceuticals International, Inc. VRX has made a preliminary approach to acquire the animal-health company, according to sources. It's unknown at this time, how or if Zoetis responded to the approach. Pershing Square's Bill Ackman took a 9.2% stake in Zoetis last November, after failing in an attempt with Valeant, to acquire Allergan plc AGN. Ackman has built-up a $3.3 billion stake in Valeant. Zoetis shares gained 14.5% Thursday, to close at $55.38, while Valeant shares rose 1.75%, closing at $233.21. Zoetis shares were halted just prior to the close on a circuit-breaker.