Kore Potash (ASX:KP2) said one of the two parties involved in discussions under a formal sale process has decided to suspend its interest in acquiring the company and is unable to proceed for internal reasons, according to a Monday Australian bourse filing.
The company said the party has formally withdrawn from the formal sale process, leaving one remaining participant in discussions, the filing added.
The company's shares were up 3% in recent Monday trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.