DEERFIELD, Ill. -- CF Industries Holdings, Inc. announced today that on Monday, July 6, 2009, it filed a certification with the U.S. Federal Trade Commission that it has substantially complied with the FTC's request for additional information, which CF Industries received on June 3, 2009, in connection with its proposed business combination with Terra Industries Inc.

Pursuant to the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act), absent the FTC challenging CF Industries' substantial compliance with the Second Request, the premerger waiting period will expire at 11:59 p.m., Eastern time, on Wednesday, August 5, 2009.

"We are pleased with the steady progress we have made in obtaining regulatory clearance of our proposed business combination with Terra," said Stephen R. Wilson, chairman, president and chief executive officer of CF Industries.

Effective May 27, 2009, Agrium Inc. withdrew its notice under the HSR Act with respect to its offer for CF Industries for the second consecutive time and, nearly six weeks later, has still not re-filed its notice with the FTC.

CF Industries also announced today that it has extended the expiration date of its exchange offer for all of the outstanding shares of Terra common stock until 5 p.m., Eastern time, Friday, August 7, 2009, unless further extended. The offer had been scheduled to expire at 5 p.m., Eastern time, on Friday, July 10, 2009. All other terms and conditions of the exchange offer remain unchanged. As of the close of business on July 3, 2009, a total of 2,860,681 shares of Terra common stock had been tendered into the exchange offer.

Morgan Stanley and Rothschild are acting as financial advisors and Skadden, Arps, Slate, Meagher & Flom LLP is acting as legal counsel to CF Industries.

CF Industries Holdings, Inc., headquartered in Deerfield, Illinois, is the holding company for the operations of CF Industries, Inc. CF Industries, Inc. is a major producer and distributor of nitrogen and phosphate fertilizer products. The company also owns a 50 percent interest in KEYTRADE AG, a global fertilizer trading organization headquartered near Zurich, Switzerland.

SOURCE: CF Industries Holdings Inc. via Business Wire.