CF INDS HLDGS INC
SymbolCF

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CF Industries Sends Letter to Terra Industries Stockholders

2009-11-09 14:30 ET - News Release


DEERFIELD, Ill. -- (Business Wire)

CF Industries Holdings, Inc. (NYSE: CF) today sent the following letter to the stockholders of Terra Industries Inc. (NYSE: TRA).

Dear Terra Industries Stockholder:

In just a few days at Terra’s November 20th annual meeting, you have the opportunity to determine whether Terra should pursue a premium offer worth over $40 per Terra share or whether the incumbent Terra board should continue its refusal to realize superior value for your investment. Last week, we increased our offer to acquire Terra Industries and changed the structure to provide you certainty of value. Our enhanced offer to acquire Terra would give you $32.00 per share in cash and 0.1034 of a share of CF Industries common stock for each share of Terra common stock you own (including the $7.50 per share special cash dividend declared by Terra).

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