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Tag Archives: fertilizer

PHI reports improved quarter

MADISON — Phosphate Holdings Inc. reported first quarter 2010 net income of $2.6 million, or $0.31 per share of common stock, compared to net loss of $11.6 million, or $1.51 per share of common stock for the same period in 2009. Net sales for the first quarter of 2010 were $60.1 million, an 11 percent increase over net sales of ...

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PHI challenged by 'operational issues'

MADISON — Phosphate Holdings Inc. (PHI), for the fourth quarter, recorded a net loss of $2.8 million, or $0.36 per share, compared to a loss of $58.1 million, or $7.59 per share, during the same period the prior year. For the year, PHI reports a net loss of $13.6 million, or $1.76 per share, compared to a net loss of ...

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CF makes another run at Terra

NEW YORK — CF Industries Holdings Inc. said late last week that it has begun its unsolicited $4.8-billion offer for fertilizer company Terra Industries Inc., which has already accepted a buyout offer from a Norwegian company. Chemical maker CF, based in Deerfield, Ill., March 2 offered $37.15 in cash and nearly one-tenth of a share of common stock for each ...

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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 ...

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Terra's board says no to offer

YAZOO CITY — Terra Industries Inc.’s board of directors, with the advice of its financial and legal advisors, has reviewed CF Industries Holdings Inc.’s latest proposal to acquire Terra for the equivalent of $24.50 in cash (which equals the net value of CF’s announced offer of $32.00 that will be reduced by Terra’s previously declared $7.50 per share special cash ...

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