Source: CF Industries
CF Industries Holdings, Inc. announced the successful completion of its initial exchange offer for all of the outstanding shares of Terra Industries Inc. common stock.
The exchange offer and withdrawal rights expired at 12:00 a.m., Eastern Daylight Time, on April 2, 2010. The depositary for the exchange offer has advised that, as of the expiration time, 85,757,343 shares of Terra common stock (including shares subject to guarantees of delivery) were validly tendered and not withdrawn, representing approximately 85.6 percent, of the outstanding shares of Terra common stock. All shares that were validly tendered and not properly withdrawn during the initial offering period have been accepted for payment.