Commodities & Metals
Fertilizer Maker Makes Final Plea for Merger (AGU, CF, TRA)
Published:
Last Updated:
Tomorrow’s the day that fertilizer maker Agrium Inc. (NYSE:AGU) will find out if its offer for competitor CF Industries Holdings, Inc. (NYSE:CF) is too good for shareholders to refuse. Agrium has mailed yet another letter to CF shareholders today, urging them to withhold votes for three CF-nominated directors. There’s nothing new in the letter, just another encouraging word to shareholders to throw the bums out.
The third spoke in this wheel, Terra Industries (NYSE:TRA) reports first quarter earnings tomorrow. CF has an offer on the table for Terra, but the outcome of the proposal depends on whether or not Agrium prevails.
So far this morning, Agrium shares are down nearly 3%, within pennies of the stock’s 52-week low of $38.86. Same story with CF — down more than 3% to $67.62, just $0.07 above the 52-week low. And Terra is taking collateral damage, down to $27.52, just $0.19 above its 52-week low.
Paul Ausick
April 20, 2009
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. 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.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.