May 2 (Reuters) - Kidman Resources Ltd KDR.AX :
* RECEIVES NON-BINDING PROPOSAL FROM WESFARMERS TO ACQUIRE 100% OF SHARES IN KIDMAN FOR $1.90 PER SHARE
* PRICE OF $1.90 VALUES EQUITY OF KIDMAN AT APPROXIMATELY $776 MILLION
* KIDMAN DIRECTORS AND MAJOR SHAREHOLDERS INTEND TO SUPPORT PROPOSAL
* WESFARMERS HAS BEEN GRANTED AN EXCLUSIVE PERIOD TO COMPLETE CONFIRMATORY DUE DILIGENCE UNTIL NO LATER THAN WEDNESDAY, 29 MAY