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CW Insider, Feb. 22: Fertilizer Makers Step Up M&A Activity
9:34 AM MST | February 22, 2010 | Robert Westervelt
Fertilizers are one segment where merger and acquisition activity continue. Nearly $10-billion in agreed deals have been announced so far this year. Yara International (Oslo), the leading global fertilizer producer, has agreed to buy competitor Terra Industries for $4.1 billion, just weeks after CF Industries Holding abandoned its hostile bid to buy Terra. Last month, mining company Vale agreed to purchase Bunge's (White Plains, NY) fertilizer assets in Brazil for $3.8 billion. That deal includes the acquisition by Vale of Bunge's 42.3% stake in Fosfertil. Vale...
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