Commodities & Metals

Fertilizer Maker Makes Final Plea for Merger (AGU, CF, TRA)

money-stack-image41Tomorrow’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

It’s Your Money, Your Future—Own It (sponsor)

Retirement can be daunting, but it doesn’t need to be.

Imagine having an expert in your corner to help you with your financial goals. Someone to help you determine if you’re ahead, behind, or right on track. With SmartAsset, that’s not just a dream—it’s reality. This free tool connects you with pre-screened financial advisors who work in your best interests. It’s quick, it’s easy, so take the leap today and start planning smarter!

Don’t waste another minute; get started right here and help your retirement dreams become a retirement reality.

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

AI Portfolio

Discover Our Top AI Stocks

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.