CF rejects Agrium's latest offer; Agrium says it will not overpay

摘要

CF Industries Holdings Inc. said March 29 that its board of directors has recommended that CF stockholders reject Agrium Inc.'s revised offer to acquire all outstanding shares of CF. On March 27, Agrium had increased the cash portion of its offer by 3.30, taking its approximate bid for CF from 72 per share to about 74.90 per share (GM March 30, p. 1).