This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item: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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