July 17, 2015 / 6:10 PM / 3 years ago

Fertilizer maker CF Industries in merger talks with OCI: WSJ

(Reuters) - U.S. fertilizer maker CF Industries Holdings Inc (CF.N) is in advanced merger talks with Amsterdam-listed chemical company OCI NV (OCI.AS), the Wall Street Journal reported.

The tie-up could be reached as early as this month, the Journal reported, citing people familiar with the matter.

Shares of CF Industries, which has a market value of about $14.8 billion, were up 7.4 percent at $67.22 after the report.

Both CF Industries and OCI were not immediately available to comment on the report.(on.wsj.com/1REe7bJ)

The terms of the deal the two companies are discussing are unclear, and a transaction may not materialize, the WSJ said.

The deal may be structured as a so-called inversion — a type of combination in which CF Industries moves its tax headquarters abroad, the Journal said.

OCI’s market capitalization was $5.5 billion euros ($5.5 billion) based on the company’s outstanding shares as of Dec. 30.

Reporting by Sneha Banerjee in Bengaluru; Editing by Maju Samuel

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