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.


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AGU 56.75

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Volume: 1,806,884
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CF 82.78

+0.05 +0.06%
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TRA 39.56

-0.50 -1.25%
Volume: 3,175,636
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