CF Industries renews bid for Terra Industries
Fertilizer company CF Industries has renewed its bid to buy Terra Industries, saying that it has acquired 7 percent of Terra's shares over the past two weeks and that it has offered to buy the rest of Terra in a deal worth nearly $4 billion.
The two companies operate fertilizer plants across from each other in Donaldsonville, La.
Deerfield-based CF Industries said it has bought nearly 7 million shares of Terra, which also makes fertilizer products, for $247 million.
Terra said its board of directors will consider the new proposal.
Article Comments
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked.
If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.