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German fertiliser company K+S (SDFG.DE) has delayed a possible offer for Compass Minerals International (CMP.N) after Compass' shares rose on rumours about a possible bid, German paper Financial Times Deutschland reported, citing sources close to the K+S supervisory board.

The supervisory board decided on Wednesday to put the project on hold for the time being, the Financial Times Deutschland said.

A person familiar with the matter had told Reuters on March 3 that K+S is considering a bid for Compass in a deal that would create the world's largest salt producer.

Compass shares closed up $1.80 to $61.67 on the New York Stock Exchange.

The K+S press office was not immediately available for comment. (Reporting by Peter Dinkloh; editing by Carol Bishopric) © Thomson Reuters 2009 All rights reserved