Potash Corp eyes Germany's K+S -Handelsblatt newspaper

Thu Jun 25, 2015 1:10pm EDT
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FRANKFURT, June 25 (Reuters) - Potash Corporation of Saskatchewan Inc is eyeing

German peer K+S for a possible takeover bid, German newspaper Handelsblatt reported on Thursday, citing financial sources.

Canada's Potash Corp could offer 40 euros per share, which would value K+S at more than 7 billion euros ($7.84 billion), Handelsblatt wrote in a pre-release of a story to be published on Friday.

K+S and Potash were not immediately available for comment.

The German company's shares were up 10 percent at 31.50 euros in after-hours trading in Frankfurt. ($1 = 0.8931 euros) (Reporting by Harro ten Wolde; Editing by David Goodman)