K+S Rejects New Attempt at Takeover Talks from PotashCorp

Reuters reported that K+S (FWB:SDF1) has rejected a new attempt from PotashCorp (TSX:POT,NYSE:POT) to engage in takeover talks.
As quoted in the market news:

K+S earlier this month rebuffed Potash Corp’s 7.9 billion euros ($8.65 billion) proposed bid of 41 euros per share as too low and suggested the suitor was planning to shrink the company.
A K+S spokesman said Potash Corp Chief Executive Jochen Tilk had met the state premier of the German regional state of Hesse – where K+S is headquartered – and had handed over documents about Potash Corp’s plans to preserve jobs after a takeover. K+S was also given the documents.
“We’ve looked into these statements and concluded that they contain nothing substantial beyond what we had already been given in writing. That’s why we still see no basis for talks,” the spokesman said.
A Hesse government spokesman confirmed the meeting had taken place at the request of Potash Corp but declined to comment further. State premier Volker Bouffier has said he would fight to preserve K+S’s German sites.

Click here to read the full Reuters report.