Agrium Again Extends Tender Offer for CF Industries |
Wall Street Journal - Feb 19, 2010 |
Agrium Inc. again extended the tender offer to acquire CF Industries Inc. in a deal valued at $5.47 billion, this time to March 22, saying it remains "fully committed" to buying the fertilizer company and adding two of its candidates to its board.
The extension comes about a month after CF withdrew its offer to acquire another fertilizer company, Terra Industries Inc., closing one chapter in a long-running turf war in the fertilizer industry that led to CF becoming a takeover target. Norway's Yara International ASA unveiled plans Monday to acquire Terra in a $4.1 billion friendly takeover deal.
The global fertilizer market is recovering from a two-year boom-and-bust, triggering a series of efforts to tap improving supply and demand conditions.
Read Full Article from Wall Street Journal
- Posted: 2010-02-19 10:08:20
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