Source: Agrium Inc.

Agrium Inc. has entered into an agreement with Terra Industries Inc. to sell a portion of Agrium's Carseland nitrogen facility to Terra, conditional on the closing of Agrium's proposed acquisition of CF Industries Holdings, Inc.

Agrium believes this agreement will address regulatory concerns under Canadian competition law in connection with its offer to acquire CF. Agrium also expects to refile its Hart-Scott-Rodino notification shortly with the FTC.

Agrium President and CEO Mike Wilson said, "These actions will enable us to keep moving forward with the acquisition of CF Industries. We believe CF stockholders strongly support our offer, and we will continue to press CF to engage with Agrium. We urge CF to begin meaningful discussions with us concerning our proposed acquisition."

Original press release