Skadden Pilots CF Industries' $916M Fertilizer Co. Buy

Law360, New York (August 3, 2012, 3:41 PM EDT) -- CF Industries Holdings Inc. will pay CA$915 million ($916 million) to buy a major Canadian fertilizer distributor from Viterra Inc., which is paring down in advance of its takeover by Glencore International PLC, CF Industries said Friday.

The target, Canadian Fertilizers Ltd., owns the largest nitrogen fertilizer complex in Alberta, which CF Industries already operates. CFL is the second-biggest nitrogen fertilizer producer in the world and the third-biggest publicly-traded phosphate fertilizer producer among public companies, CF Industries said.

The deal replaces an earlier plan in which...
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