BUZZ-K+S: Potash Corp working on new bid - report

Wed Nov 25, 2015 3:38am EST
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** German potash producer's shares jump 4 pct after investor newsletter Platow Brief on Tuesday reported that rival Potash Corp is working on a new bid for K+S

** Platow Brief, citing "rumors", reports that new takeover offer is likely to take place next spring

** On Oct. 5 Potash Corp withdrew its initial 7.9 bln euros takeover offer for K+S, citing market conditions

** K+S top performer on German DAX Index ; Until Tuesday's close stock has fallen 22 pct since Potash withdrew offer

** Potash Corp's U.S.-listed shares closed up 1.2 pct on Tuesday ($1 = 0.9362 euros)