DEERFIELD, Ill. -- CF Industries Holdings Inc. announced Friday that it has extended the expiration date of its exchange offer for all of the outstanding shares of Terra Industries Inc. common stock to Friday, June 26, 2009.



The exchange offer had been scheduled to expire on June 12, 2009, shortly after Terra was required to hold its Annual Meeting based on the record date it set of March 9, 2009. It appears that Terra Industries is not holding its Annual Meeting prior to June 12, 2009, and will be required to set another record date.



The offer, which was scheduled to expire at 5 p.m., New York City time, on Friday, June 12, 2009, has been extended until 5 p.m., New York City time, Friday, June 26, 2009, unless further extended. All other terms and conditions of the exchange offer remain unchanged. As of the close of business on May 21, 2009, a total of 56,814 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.



SOURCE: CF Industries Holdings Inc. via Business Wire.