Source: CF Industries
CF Industries Holdings, Inc. has successfully completed its exchange offer for Terra Industries Inc. common stock and completed the acquisition last week. Terra is now a wholly-owned subsidiary of CF Industries.
In the merger, each outstanding share of Terra common stock not tendered and purchased in the exchange offer was converted into the right to receive $37.15 in cash and 0.0953 of a share of CF Industries common stock, less any required withholding taxes and without interest, which is the same amount per share that was offered and paid in the exchange offer. As of last week, Terra common stock will cease trading on the New York Stock Exchange.