Commodities & Metals

Fertilizer Mergers in the Backstretch (CF, AGU, TRA)

money-stack-image25The proposed acquisition of CF Industries Holdings, Inc. (NYSE:CF) by Canadian firm Agrium Inc. (NYSE:AGU) is heading for the shareholders’ meeting on April 21st. CF Holdings has received an opinion from RiskMetrics Group, a risk management firm that now owns former Institutional Shareholder Services, supporting the re-election of CF’s three nominees to its board of directors.

The report may knock the wind out of Agrium’s recent letter to shareholders asking them to withhold votes for CF’s nominees. CF still insists that Agrium is trying to kill CF’s merger with Terra Industries Inc. (NYSE:TRA) and to acquire CF at a “bargain price.”

Adding to the mix, Terra will announce its earnings on April 21st. Terra also got a boost when Citigroup Inc. (NYSE:C) recently upgraded its stock, and CF’s, to ‘Outperform’.

Paul Ausick
April 13, 2009

Essential Tips for Investing (Sponsored)

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.