Terra entertains another offer

YAZOO CITY — CF Industries is making another offer for fertilizer-maker Terra Industries just six weeks after vowing to end its hostile pursuit.

CF said today it is offering $37.15 in cash and nearly one-tenth of a share of common stock for each Terra share.

Chemical maker CF, based in Deerfield, Ill., says the offer has a total value of $47.40 per share based on CF Industries closing price today.

Terra shareholders have repeatedly rejected CF offers. Terra, based in Sioux City, Iowa, and owner of a plant in Yazoo City, said last month it will be bought instead by Norway’s Yara for $4.1 billion.

[RSS Feed] [del.icio.us]

To sign up for Mississippi Business Daily Updates, click here.




Twang & Tourism: The Country Music Trail

Our annual "Come See Us" magazine offers ideas for spots in Mississippi ranging from golf to culture to history to food. Click the photo for ideas, stories and access to the digital edition of this year's magazine.

Top Posts & Pages

%d bloggers like this: