BUZZ-K+S shares leap as investors hope for higher bid

Tue Jun 30, 2015 4:05am EDT
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** Shares in German potash miner K+S jump as much as 4 percent, outperforming a weaker blue-chip index DAX on Tuesday, as investors hope for Potash to raise its takeover offer, traders say. ** German daily Handelsblatt reports that a fair valuation is seen towards 50 euros per share, citing financial sources. ** A source close to the matter had told Reuters the Canadian group proposed to pay 41 euros ($45.85) a share, a 43 percent premium to the weighted six-month moving average price. ** A source had told Reuters the board was tending towards rejecting the offer, which values the company at close to 8 billion euros, as too low. ** K+S says it is assessing its options. ** K+S shares trade 2.7 percent higher at 37.34 euros at 0805 GMT, having gained 31 percent since Potash's approach became public on June 25. ($1 = 0.8942 euros) (RM: