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The Deerfield, Ill. , fertilizer outfit has, yet again, rejected a takeover bid from rival Agrium, saying that the proposed terms "substantially undervalue the company." Full Article at The Street
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Agrium’s offer “is not in the best interests of CF Industries and its stockholders,” Deerfield, Illinois-based CF said today in a statement. Agrium, based in Calgary, boosted the cash portion of its bid for CF to $45 a share from $40 yesterday. Full Article at Bloomberg.com
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CF Industries Holdings Inc. has rejected rival fertilizer maker Agrium Inc.'s sweetened takeover bid, saying the $4.5 billion bid significantly undervalues the company. Full Article at San Francisco Chronicle
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T he Great Fertilizer War of 2009 may finally, after almost nine months of stalemate, be nearing an end. Shares in CF Industries Holdings Inc. tumbled yesterday after its would-be Canadian acquirer unveiled a bolstered bid it called its "best and final" Full Article at Globe and Mail
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Today’s proposal, which values CF at $92.99 a share, is the “best and final offer,” Calgary-based Agrium said in a statement. CF investors would receive $45, an increase of $5 from the previous bid, and one U.S.-denominated Agrium share. Full Article at Bloomberg.com
