Agrium, Inc. (AGU) To Terminate $5.4 Billion Offer To Buy CF Industries (CF)
By Benzinga Staff
March 11, 2010 8:15 PM
March 11, 2010 8:15 PM
Agrium, Inc. (NYSE: AGU) announced on Thursday that it will terminate its offer to buy CF Industries Holdings, Inc. (NYSE: CF) later this month.
With the announcement, Agrium will end the takeover battle, which lasted for more than a year. Agrium’s $5.4 billion offer for CF Industries will expire on March 22.
Mike Wilson, CEO of Agrium, Inc., said, “It is unfortunate we could not conclude this transaction, given the strong support shown by both CF and Agrium shareholders.”
Agrium first came up with a $3.6 billion offer for CF Industries in February 2009, and sweetened the deal in its pursuit for its smaller rival.
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