CF buys 7 percent of Terra, sends proposed merger agreement; Terra says no again

摘要

CF Industries Holdings Inc. said Sept. 28 that it has acquired approximately 7 percent of Terra Industries Inc. in the open market over the past two weeks. CF has purchased 6,985,048 shares out of 99,786,406 outstanding at a cost of $247 million and an approximate average price of $35.36 per share. Shares were purchased between Sept. 10-25 and ranged from $31.42 to $37.17. CF also announced that it has sent a merger agreement to Terra detailing the terms of its proposed business combination.