Bloomberg: K+S to reject Potash takeover bid

• K+S (OTCQX:KPLUY) plans to reject Potash Corp.'s (POT) $8.6B-plus takeover offer because it considers the bid too low, Bloomberg reports.
• POT said last week that it made a “friendly” takeover bid, believed to be slightly more than €40/share.
• The German company is preparing to announce its opposition to the bid as early as today, according to the report.