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