CF Industries extends offer for Terra Industries shares to July 10

By Angela McDaniels

Tacoma, Wash., June 19 - CF Industries Holdings, Inc. extended its exchange offer for the outstanding common stock of Terra Industries Inc. to 5 p.m. ET on July 10.

The offer began in February and was originally scheduled to expire May 15. It was later pushed back to June 12 and then to June 26.

A total of 201,979 shares of Terra common stock had been tendered into the offer as of June 18, according to a CF Industries news release.

Terra, a Sioux City, Iowa, nitrogen products company, rejected the unsolicited offer from CF Industries as well as its prior offer in January.

As previously reported, Agrium Inc. has made a bid to acquire CF Industries for $40 cash plus one common share of Agrium for each CF Industries share, which CF Industries rejected.

Agrium, a Calgary, Alta., fertilizer company, began an unsolicited exchange offer for CF Industries shares on March 16. The offer is set to end on June 22.

Deerfield, Ill.-based CF Industries Holdings is the holding company for CF Industries, Inc., a producer and distributor of nitrogen and phosphate fertilizer products.

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