CF Industries Holdings, Inc. today announced the Hart-Scott-Rodino premerger waiting period applicable to CF Industries' proposed business combination with Terra Industries Inc. expired at 11:59 P.M. on August 5, 2009. CF Industries has now satisfied the regulatory conditions regarding its proposed business combination with Terra.

"With the expiration of the premerger waiting period, we now can promptly close a business combination with Terra," said Stephen R. Wilson, chairman, president and chief executive officer of CF Industries. "We look forward to Terra agreeing to this business combination which is clearly in the best interests of both CF Industries and Terra stockholders."

Completion of the proposed business combination is subject to the negotiation of a definitive merger agreement; stockholder approval; and the satisfaction of customary closing conditions.

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

Source: CF Industries Holdings, Inc.