CALGARY, ALBERTA -- Agrium Inc. announced today that the Federal Trade Commission has granted an early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act (HSR Act) in connection with the proposed acquisition of CF Industries Holdings Inc. and has accepted for public comment the previously announced Consent Agreement between Agrium and the Staff of the FTC. The remedies in the Consent Agreement are not material to the proposed transaction with CF.



With the acceptance for public comment of the Consent Agreement and the receipt of an early termination of the waiting period under the HSR Act, all necessary approvals under the HSR Act have been obtained.



"With the receipt of all necessary regulatory approvals to acquire CF, the only remaining impediment to conclude this mutually beneficial transaction is the continued refusal of the CF board to meet with us," said Mike Wilson, Agrium President and CEO. "Agrium remains committed to acquiring CF and will continue its efforts to achieve the combination between Agrium and CF, which would benefit the stockholders of both companies."



Agrium's offer remains subject to certain conditions described in the offer to exchange.



As previously announced, Agrium will nominate a slate of directors to stand for election at CF's 2010 annual meeting.



Agrium Inc. is a major retail supplier of agricultural products and services in both North and South America and a leading global producer and marketer of agricultural nutrients and industrial products. Agrium produces and markets three primary groups of nutrients: nitrogen, phosphate and potash as well as controlled release fertilizers and micronutrients.



SOURCE: Agrium Inc. via Marketwire.