Agrium Ups Hostile Bid For CF Industries To $4.5B

Law360, New York (November 5, 2009, 1:32 PM EST) -- Canadian agricultural giant Agrium Inc. has thrown all its cards on the table, boosting its hostile takeover bid for CF Industries Holdings Inc. to $4.52 billion in a last-ditch effort to snag the U.S. rival.

Agrium said Thursday it had increased its exchange offer to acquire all of CF’s outstanding shares to $92.99 per share based on Agrium’s closing stock price Wednesday.

Under the terms of the offer, CF stockholders would receive $45 in cash — an increase of $5, or 12.5 percent, in the cash...
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