IHS Chemical Week

People & Business :: Energy and Feedstocks

Terra Rejects CF Industries' $2.1-Billion Takeover Bid

9:51 AM MST | January 28, 2009 | Kara Sissell

Terra Industries says its board of directors has rejected the $2.1-billion unsolicited bid from CF Industries (Deerfield, Il), saying it “substantially undervalues Terra on an absolute basis and relative to your company.”  CF Industries made the bid on January 16, saying the deal would have created a global fertilizer industry leader. CF Industries says it remains committed to the proposed acquisition. "We are confident that our proposal is a full and fair offer and continue to believe that a combination of the two companies would...

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