- Germany's K+S (OTCQX:KPLUY) has asked economy minister Sigmar Gabriel for help in resisting an unwanted takeover approach by Potash Corp. (POT), and has discussed the option of German state bank KfW taking a stake in K+S, the Handelsblatt newspaper reports.
- KfW could take a blocking minority stake but Germany's economy ministry and finance ministry are doubtful they could come up with a "common good" justification for such an intervention, according to the report.
- K+S earlier this month rebuffed POT's proposed bid of €41/share as too low.