August 10, 2015 / 10:45 AM / 2 years ago

K+S says shareholders back rejection of Potash's proposal

FRANKFURT, Aug 10 (Reuters) - German salt and fertilizer company K+S AG said 84 percent of private shareholders it surveyed backed its decision to reject Potash Corp of Saskatchewan’s takeover offer.

Only about 4 percent of the 39,000 shareholders who participated in the survey said they would accept a 41 euro per share offer from Potash Corp, it said on Monday.

Potash Corp has been pushing to talk with K+S management despite the German company’s initial rejection last month of the Canadian company’s 7.9 billion euro ($8.64 billion) bid.

$1 = 0.9145 euros Reporting by Maria Sheahan; editing by Jason Neely

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