July 29, 2013 / 7:43 PM / 6 years ago

CF Industries shares spike 10 pct after Third Point buys stake

July 29 (Reuters) - Shares of CF Industries Holdings Inc spiked on Monday afternoon after activist hedge fund Third Point LLC said it had acquired a stake.

CF, the world’s second-largest maker of nitrogen fertilizer, should be paying a bigger dividend to shareholders, Third Point said in its quarterly newsletter.

CF shares were up 10.5 percent or $18.98 to $199.98 in New York.

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