CF Industries Rejects Latest Revised Proposal from Agrium

CF Industries Holdings, Inc. (NYSE: CF) today announced that its board of directors has rejected Agrium Inc.’s (NYSE: AGU) latest revised proposal to acquire all outstanding shares of CF Industries. Following a review of Agrium’s latest revised proposal with management and its legal and financial advisors, the CF Industries board of directors concluded that the offer continues to substantially undervalue the company and is not in the best interests of CF Industries and its stockholders.