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:

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Shares of Potash Corporation of Saskatchewan Inc (NYSE:

) and other potash-related issues surged higher Thursday, on a report from

, 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.

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Shares of Martha Stewart Living Omnimedia Inc. (NYSE:

) rose Thursday, following a report from the

that the company is now attracting multiple bidders, which may include Meredith Corp, (NYSE:

) and Iconix Brand Group, Inc. (NASDAQ:

). Sequential Brands Group, Inc. (NASDAQ:

) 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.

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General Cable Corporation (NYSE:

) 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.

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Shares of Zoetis Inc. (NYSE:

) spiked higher just before the close Thurday, on a

report that Valeant Pharmaceuticals International, Inc. (NYSE:

) 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 (NYSE:

). 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.