Commodities & Metals
Fertilizer Merger Getting Richer (AGU, CF, TRA)
Published:
Last Updated:
We’ve been watching the fertilizer industry’s merger triangle of Agrium Inc. (NYSE: AGU), CF Industries Holdings, Inc. (NYSE: CF), and Terra Industries, Inc. (NYSE: TRA) for a while now. In the latest development, Agrium has just raised the cash portion of its offer for CF by more than 10%, to $35/share. The offer also includes a one-for-one exchange of CF shares for Agrium shares.
Agrium takes the opportunity of sweetening the offer to refute the claims made by CF in its most recent rejection of Agrium’s offer last week. Terra is keeping its head down.
So far this morning, Agrium shares are off about 2.5%, CF shares are nearly flat, and Terra shares are off about 4%. Looks like the market thinks Terra is going to get left out.
Paul Ausick
March 27, 2009
Take Charge of Your Retirement: Find the Right Financial Advisor For You in Minutes (Sponsor)
Retirement planning doesn’t have to feel overwhelming. The key is finding professional guidance—and we’ve made it easier than ever for you to connect with the right financial advisor for your unique needs.
Here’s how it works:
1️ Answer a Few Simple Questions
Tell us a bit about your goals and preferences—it only takes a few minutes!
2️ Get Your Top Advisor Matches
This tool matches you with qualified advisors who specialize in helping people like you achieve financial success.
3️ Choose Your Best Fit
Review their profiles, schedule an introductory meeting, and select the advisor who feels right for you.
Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.