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 ApproachThe 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 SaysThe 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 ~$205MThe 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 ZoetisThe 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.