Norwegian Fertilizer Giant Scoops Up Terra For $4.1B

By Erin Fuchs

Law360, New York (February 16, 2010, 2:50 PM ET) -- Touting the deal as a boon for its shareholders, Terra Industries Inc. said Tuesday that Yara International ASA would acquire the U.S.-based nitrogen products producer in a deal with an equity value of roughly $4.1 billion.

Terra filed a Form-8K statement with the U.S. Securities and Exchange Commission to disclose the transaction, in which Yara will pay $41.10 a share, 23.6 percent higher than the closing price on Feb. 12. Under the deal, Terra will be a wholly owned subsidiary of Oslo-based Yara and will become...
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