CF Industries Rejects Agrium’s Offer as ’Inadequate’

CF Industries Holdings Inc. rejected Agrium Inc.’s $3.04 billion hostile bid as “grossly inadequate” and said it will proceed with its own offer to buy Terra Industries Inc.

Agrium’s takeover bid is “a transparent attempt to interfere with CF Industries’ proposed business combination with Terra,” CF Chief Executive Officer Stephen R. Wilson said today in a statement.

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- Posted: 2009-03-09 08:15:48

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