NEW YORK, April 16 Canadian fertilizer company
Agrium Inc (AGU.TO) said on Thursday it was still "100 percent
committed" to buying hostile takeover target CF Industries Inc
(CF.N) and dismissed the U.S. fertilizer producer's claims that
it had not attempted to engage with the company over its offer.
CF sent its shareholders a letter earlier this week saying
that Agrium had not contacted the company for more than a
Agrium Chief Executive Michael Wilson said in a letter to
CF shareholders that it has attempted to engage with the
"Each time we were rebuffed or ignored," Wilson wrote. He
said Agrium and its advisors would be willing to meet with CF
immediately to negotiate a deal.
CF, which is currently locked in its own hostile takeover
bid for competitor Terra Industries TRA.N, has rejected
Agrium's bid as inadequate. CF has characterized the Agrium bid
as an attempt to scuttle its offer for Terra.
(Reporting by Michael Erman; Editing by Muralikumar