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Markets :: Basic Chemicals :: Inorganic Chemicals :: Fertilizers

Agrium Ups Bid for CF Industries

10:29 AM MDT | March 27, 2009 | Nancy Seewald

Agrium says it has increased its offer to acquire CF Industries by 10%, to $35/share, and says it would consider increasing its offer further to reflect any additional value that CF can demonstrate arising from the combination of the two companies. The proposal still offers one common share of Agrium for each CF share. Agrium’s latest bid represents a premium of 35% to CF’s closing price on February 24, the day before Agrium’s initial acquisition proposal.  “Agrium’s increased offer reflects our firm commitment to completing this transaction,” says...

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