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The presumably abandoned buyout offer for Compass Minerals

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March 13, 2009 – Comments (0) | RELATED TICKERS: CMP

Shares of Compass Minerals were boosted to the low $60s last week on rumours that german firm K+S was considering a buyout offer for Compass Minerals. Reports are that K+S's board has decided to put the project on hold for an unspecified period.

A buyout would have been nice, but Compass is a worthy holding on its own. That said, considering the fact that fertilizer companies recently dropped their prices to buyers in Latin America, I don't believe the tailwinds that the company's fertilizer segment had will be sustainable forever.

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