BRIEF-K+S says will not open books to suitor Potash Corp

Thu Jul 2, 2015 11:13am EDT
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July 2 (Reuters) - K+S CFO Burkhard Lohr in conference call

* Doesn't make sense to talk about due diligence, will not open books to a competitor

* The shareholders will have to decide whether the offer is adequate

* Valuation of Legacy mine of up to 21 eur per share would hold even if potash prices below current levels for a couple of years

* Still no plan for Legacy mine to join Canpotex potash export group

* We are not giving a number of what Potash Corp should offer Further company coverage: