TERRA INDS INC
SymbolTRA

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Terra Industries Files Investor Presentation

2009-11-09 15:11 ET - News Release

Also News Release (U-CF) CF INDS HLDGS INC

Urges Shareholders to Re-Elect Directors by Voting the WHITE Proxy Card Today


SIOUX CITY, Iowa -- (Business Wire)

Terra Industries Inc. (NYSE: TRA) today announced that on Friday, November 6, 2009, the Company filed an investor presentation with the Securities and Exchange Commission (“SEC”) in connection with the Company’s Annual Meeting to be held on November 20, 2009. Terra’s Board of Directors urges shareholders to protect their investment in Terra by voting the WHITE proxy card FOR Terra’s highly-qualified and experienced independent directors – Martha O. Hesse, Dennis McGlone, and Chairman, Henry R. Slack.

As previously announced, Terra’s Board unanimously rejected CF Industries Holdings, Inc.’s (NYSE: CF) unsolicited proposal to acquire Terra for the equivalent of $24.50 in cash (which equals the net value of CF’s announced proposal of $32.00 that will be reduced by Terra’s previously declared $7.50 per share special cash dividend) and 0.1034 of a share of CF common stock, as inadequate, opportunistic and not in the best interests of Terra and its shareholders.

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