in this issue
World News and Views :: Top of the News
CF Industries to Make Hostile Bid for Terra
10:14 AM MST | February 4, 2009 | Kara Sissell
CF Industries (Deerfield, IL) says it will launch a hostile bid for Terra Industries, and will nominate three members to replace three of Terra’s current board members. The hostile bid comes after Terra’s board rejected the $2.1 billion bid from CF Industries. Terra’s board said CF’s bid, which would allow the holder of each common share in Terra to receive 0.4235 shares of CF Industries, undervalues the company. CF says it “intends to commence an exchange offer for all of the outstanding shares of Terra Industries common stock at a...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee