CF Industries (Nyse: CF )

[risparmier]

Nel settore dei fertilizzanti Agrium ha lanciato un' OPA ostile su CF Industries parzialmente in cash con un premio del 30% circa sulla quotazione di ieri di CF

25 Feb 2009 | 10:00 AM ET

Canadian fertilizer maker Agrium has proposed a $3.6 billion, or $72 a share, offer to buy U.S. rival CF Industries.

The cash-and-stock offer represents a 37 percent premium to CF's closing price in prior-day trading,
....

http://www.cnbc.com//id/29386289?__source=yahoo|headline|quote|text|&par


Agrium Proposes to Buy CF Industries for $3.6 Billion (Update1)

By C. Donville
Feb. 25 (Bloomberg) -- Agrium Inc., the largest retailer to U.S. farmers, made an unsolicited offer to buy CF Industries Holdings Inc. for $3.6 billion to boost sales of nitrogen and phosphate fertilizers.
CF investors would receive one Agrium share and $31.70 in cash for each share they hold, Calgary-based Agrium said today in a statement. The proposal of about $72 a share is 30 percent higher than CF’s closing price yesterday.
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http://www.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=CF:US&sid=aBorbedF0Dmk

 

[risparmier]

Agrium ha alzato in misura significativa l' offerta d' acquisto per CF Industries


5/11/2009
Agrium Substantially Increases Offer for CF Industries

Agrium (NYSE:AGU) announced today it is increasing its offer to acquire all of the outstanding shares of CF Industries (NYSE:CF) to $85.20 per CF share based on Agrium's closing stock price on May 8, 2009. Under the revised terms, CF stockholders would receive $40.00 in cash, an increase of $5.00, or 14.3%, in the cash consideration, and one common share of Agrium for each CF share. Agrium had previously offered CF the option of $75.30 in cash, 1.8685 Agrium shares, or $35 in cash plus one share. Mike Wilson, Agrium's President and CEO, said, "This substantial increase in cash, along with Agrium's strong and diversified business profile, provides CF stockholders with a very attractive opportunity and reaffirms our commitment to acquiring CF. Given an increase of over 25% in the cash component since our initial offer, we believe more than ever that our bid delivers far superior value for CF stockholders compared with any alternatives articulated by CF, including remaining independent or paying a premium for Terra Industries. As part of our continuing efforts to negotiate a mutually beneficial transaction with CF, we again attempted in recent days to meet with CF's management and financial advisors to discuss a transaction at a substantially higher price. CF has repeatedly rebuffed our efforts to meet, leaving us no choice but to take our increased offer directly to CF stockholders. It is time for CF stockholders to tell the CF Board to come to the table."


http://www.mysmartrend.com/briefs.asp?nwdate=20090511&story=18

 

[risparmier]

03/10/10 - 10:24 AM ESt

After more than a year of rejecting CF Industries'( CF ) advances, Terra Industries'( TRA ) board said Wednesday that CF's latest and highest-price offer trumps a bid it had already accepted from the Norwegian fertilizer giant, Yara Industries.
In a press release issued Wednesday, Terra used the phrase "Superior Proposal" to describe CF's raise, and said that it has notified Yara of its plan to terminate the buyout agreement the two had struck less than a month ago if Yara doesn't return with a better offer. Under the terms of the initial deal, Yara would have acquired Terra for $41.10 a share in cash.
CF's latest bid, made last week and reversing an announced decision in January to give up on its hostile pursuit of Terra, comprises $37.15 in cash plus nearly a tenth of a share of CF stock. The offer had a per-share value of about $46.74, based on Tuesday's closing stock prices.

....

If CF, which began a tender offer for Terra's shares last week, is able to complete the purchase of its smaller rival it will have likely dashed the hopes of its own hostile suitor, Agrium( AGU ), which has been pursuing CF almost as long as CF has pursued Terra.

...

Fertilizer War Shocker: Terra Likes CF Bid | Industrials | Financial Articles & Investing News | TheStreet.com

 

[risparmier]

Nov 11 2010 by Yahoo! Canada

CF Industries


' (NYSE:CF - News) price target was raised by Stifel Nicolaus to $144 from $120.

CF Industries - Silobreaker