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Agrium says "100 percent committed" to buying CF
April 16, 2009 / 11:01 AM / 8 years ago

Agrium says "100 percent committed" to buying CF

NEW YORK, April 16 (Reuters) - 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 month.

Agrium Chief Executive Michael Wilson said in a letter to CF shareholders that it has attempted to engage with the company.

“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 Anantharaman)

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