Agrium Offer “Grossly Inadequate,” CF’s Board Says

CF Industries’ Board of Directors sent a note to shareholders yesterday explaining the board’s rejection of Agrium’s bid for the company. Agrium’s premium falls far short of recent premiums for both cash and stock transactions, the letter says, calling the offer “grossly inadequate.” “We believe that, even absent Agrium's offer, CF Industries shares would be trading well over $60 per share,” the letter says.  The letter also criticizes Agrium for failing to offer a slate of directors for election, stating that...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers