Agrium extends deadline for CF Industries offer

Agrium Inc. said Tuesday it extended the deadline to acquire rival fertilizer company CF Industries Holdings Inc. after 62 percent of CF shareholders tendered their shares to the deal valued at more than US$4 billion.

The offer, which expired at midnight Monday, has been extended to July 22.

"CF stockholders have sent a resounding message to CF's Board that they support Agrium's offer," Agrium President and CEO Mike Wilson said in a statement."These are extraordinarily strong results, particularly given that CF's poison pill and other defense mechanisms are still in place and we urge CF's Board to respect this clear message from its stockholders."

Read Full Article from The Associated Press

- Posted: 2009-06-23 10:14:25

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