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CF Finally Lands Its Prey, Inks $4.7B Deal With Terra

Wall Street Journal - Mar 12, 2010

Terra Industries Inc. (TRA) has finalized a deal to be acquired by larger rival CF Industries Holdings Inc. (CF) for $4.7 billion, ending a yearlong battle between the fertilizer makers.

The announcement came hours after Norway's Yara International ASA (YAR.OS) said it wouldn't raise its $4.1 billion bid for Terra, which was trumped last week by CF.

Terra holders will get $37.15 and 0.0953 share of CF for each share of Terra, valuing the stock at $46.74 based on Thursday's closing price. Its shares were down 1.3% to $46.30, while CF fell 3.8% to $96.83.

Read Full Article from Wall Street Journal

- Posted: 2010-03-12 10:24:49


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