Terra Industries Inc &
CF Industries Holdings Inc | Update Date: 02/19/09 |
| Date Announced: 01/15/09 |
| Value (million $USD): 2.14 billion U.S. Dollar |
|
| Status: Pending | |
| TRANSACTION DETAILS |
|---|
| Date Announced | 01/15/09 | | |
| Date Originally Announced | 01/15/09 | | |
| Format | Merger | Acquisition techniques | Stock Swap; Unsolicited Deal |
| Attitude | Unsolic. | Agency | Unspecified Regulatory Auth. |
| Value | 2.14 billion U.S. Dollar | Advisor Fees | n/a |
| SYNOPSIS |
|---|
| US - CF Industries Holdings Inc (CI) planned to launch an unsolicited offer to acquire all the outstanding common stock of Terra Industries Inc (TI), a manufacturer and wholesaler of nitrogenous fertilizers, agricultural pesticides and other chemicals, in a stock swap transaction valued at $2.14 bil. CI offered 0.4235 common shares per TI share. Based on CI's closing stock price of $44.25 on January 14, the last full trading day prior to the announcement, each TI share was valued at $18.74. The transaction was subject to customary closing conditions, shareholders and regulatory approvals. |
| TARGET |
|---|
| Name | Terra Industries Inc (TRA) |
| Industries | Farm supplies; Pesticides and agricultural chemicals, nec; Prepared animal feeds, except for dogs and cats; Construction sand and gravel; Crushed and broken stone, nec; Asphalt felts and coatings; Ready-mixed concrete; Concrete products, except block and brick; Nonresidential building construction, nec; Industrial buildings and warehouses; Residential construction, nec; Highway and street construction; Copper ores; Miscellaneous metal ores, nec |
| City | Sioux City |
| State | IA |
| Nation | United States |
| Incorporated in | MD |
| Public Status | Public |
| Business Description | Terra Industries Inc, located in Sioux City, Iowa, manufactures and wholesales nitrogenous fertilizers, agricultural pesticides and other chemicals. Terra Industries also produces animal feeds and seed products. The company manufactures sand, gravel and crushed stone used in road construction, ready-mixed concrete and concrete products, construct industrial, residential and government projects, including highway construction, copper and beryllium mining. The company was founded 1978. |
| Advisors | Credit Suisse Group |
| Target Sales | 2.89 billion U.S. Dollar |
|
| ACQUIROR |
|---|
| Name | CF Industries Holdings Inc (CF) |
| Industries | Phosphatic fertilizers; Chemicals and allied products, nec |
| City | Deerfield |
| State | IL |
| Nation | United States |
| Incorporated in | IL |
| Public Status | Public |
| Business Description | CF Industries Holdings Inc, headquartered in Deerfield, Illinois, and with location in Canada, manufactures and wholesales nitrogen and phosphate fertilizer products in North America. The operations are organized into two business segments: Nitrogen fertilizers and Phosphate fertilizers. The principal products in the nitrogen fertilizer business are ammonia, urea and urea ammonium nitrate solution. The principal products in the phosphate fertilizer business are diammonium phosphate and monoammonium phosphate. The company was founded in 1946. |
| Advisors | Morgan Stanley; Rothschild |
| Acquiror Sales | 3.92 billion U.S. Dollar |
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