Agrium To Terminate Offer For CF Industries
Agrium Inc. will no longer pursue an acquisition of CF Industries Holdings Inc. or the election of its nominees to the CF board of directors and will allow its offer to expire at 12:00 midnight, New York City time, on March 22, 2010.
“We would like to thank CF stockholder for their support during our efforts to acquire CF. It is unfortunate we could not conclude this transaction, given the strong support shown by both CF and Agrium shareholders. Agrium applies a disciplined approach to employing capital and will continue to focus on the significant growth opportunities available to us globally across the agricultural value chain,” says MIke Wilson, Agrium president and CEO.