CF Industries (CF) Comments on Agrium's (AGU) Most Recent Bid

November 5, 2009 8:49 AM EST

CF Industries Holdings, Inc. (NYSE: CF) confirmed today that it has received another revised proposal from Agrium Inc. (NYSE: AGU) regarding an acquisition of CF Industries. CF Industries noted that Agrium's offer represents substantially lower multiples of EBITDA than CF Industries' offer for Terra Industries Inc. (NYSE: TRA).

CF Industries' board of directors will in due course review the latest revised proposal.

Morgan Stanley and Rothschild are acting as financial advisors and Skadden, Arps, Slate, Meagher & Flom LLP is acting as legal counsel to CF Industries.


Related Categories

Corporate News
Mergers and Acquisitions

Stocks Mentioned

AGU 57.17

-0.15 -0.26%
Volume: 1,229,980
Track AGU

CF 83.31

+0.58 +0.70%
Volume: 574,179
Track CF

TRA 39.41

-0.65 -1.62%
Volume: 1,673,319
Track TRA


Related Entities


Add Your Comment