Nov 5 In the latest twist in a takeover battle
going on since January, Canadian fertilizer maker Agrium Inc
(AGU.TO) is planning to make a final offer for CF Industries
Holdings Inc (CF.N) on Thursday, the Wall Street Journal said,
citing people familiar with the matter.
In the Canadian company's fourth proposal, CF shareholders
will be offered $45 in cash and one Agrium share for each CF
share, valuing CF at $4.65 billion or about $93 a share, the
people told the paper.
CF's shares closed at $86.39 Wednesday on the New York Stock
Agrium is likely to say on Thursday that it received
Canadian government clearance on any regulatory concerns if it
acquires CF and that it would reapply for U.S. regulatory
approval, the Journal said.
Canada's Competition Bureau said on Wednesday it had reached
an agreement with Agrium to address some of its antitrust
CF is itself waging a hostile battle to take over Terra
Industries TRA.N, a smaller U.S. rival, which on Wednesday
rejected a sweetened $4.1 billion CF bid as inadequate.
Agrium and CF could not be immediately reached for comment
(Reporting by Ajay Kamalakaran in Bangalore; Editing by