CF seals $4.7 billion deal for Terra

2010-03-12T10:15:44Z

<div id="subtitle">After a yearlong pursuit CF lands Terra in a $4.7 billion deal that creates fertilizer giant</div><div><p>After more than a year of bids and counterbids, CF Industries landed Terra Industries on Friday for $4.7 billion in a deal that will create one of the world's largest fertilizer companies.<...

CF finally nabs Terra after Yara walks

2010-03-12T09:45:06Z

<div><p>NEW YORK/OSLO (Reuters) - Fertilizer maker CF Industries Holdings Inc <CF.N> on Friday said it will buy rival Terra Industries Inc <TRA.N> for more than $4.6 billion in cash and stock af...

Yara won't up bid for Terra

2010-03-12T00:45:10Z

<div id="subtitle">Norwegian fertilizer group Yara won't up bid for Terra after higher CF acquisition offer</div><div><p>Norwegian fertilizer company Yara International ASA said Friday it will not increase its offer to acquire U.S. competitor Terra Industries after Te...

How to profit from the "fertilizer wars"

2010-03-11T19:16:56Z

<div id="subtitle">Savvy investors will be pleased with their profit harvest</div><div><p>There's nothing like scarcity and supply disruptions to fuel violent price spikes. And there's nothing like the basic human needs for food and water to light that fuse. Today's world food supplies run on razor-thin inventories. While the food riots of 2008 have all but disappeared from our short-term memories, the threat of them returning grows stronger with every passing day. </p...

Farm product maker Agrium abandons bid for rival

2010-03-11T16:00:47Z

<div id="subtitle">Farm product make Agrium says it's abandoning its bid for rival fertilizer maker CF Industries</div><div><p>Agricultural products company Agrium Inc. said Thursday that it will let its offer to acquire CF Industries Holdings Inc. expire on March 22 and stop pursuing the deal.</p><p>Agrium, based in

Ahead of the Bell: Airgas downgraded to 'Hold'

2010-03-11T06:15:21Z

<div id="subtitle">Airgas downgraded to 'Hold' on pricey stock value, risk profile after Air Products bid</div><div><p>An analyst downgraded industrial gas supplier Airgas Inc. on Thursday, saying investors in chemical stocks would be better off buying shares of Air Products & Chemicals Inc.</p><p>Jefferies & Co. analyst Laurenc...

Airgas debt offer gets investment-grade ratings

2010-03-10T11:00:49Z

<div id="subtitle">S&P, Moody's assign investment-grade ratings to notes for Airgas debt offering</div><div><p>Two ratings services have given investment-grade ratings to an Airgas Inc. plan to raise $250 million from a debt offering.</p><p>The Radnor, Pa., industrial g...

Terra says CF's buyout bid is superior to Yara's

2010-03-10T08:45:48Z

<div><p>NEW YORK (Reuters) - Fertilizer producer Terra Industries Inc <TRA.N> said on Wednesday it plans to accept a "superior" $4.68-billion takeover bid from rival CF Industries Holdings Inc <CF.N> unless Terra Industries said Wednesday its board favors a bid to be acquired by CF Industries instead of a previous agreement with Norway's ...

Greens hail Supreme Court action on flaring loophole

2010-03-08T19:45:29Z

<div><p>HOUSTON (Reuters) - U.S. environmental groups said a loophole that gave refineries and chemical plants leeway to exceed pollution limits indiscriminately for 16 years was permanenently closed by the Supreme Court's decision Monday to not hear an appeal from a lower court.</p><p>"When they exceed their emission limits, they'll have to prove th...

Court declines to disqualify Air Products lawyers

2010-03-05T15:45:55Z

<div><p>NEW YORK (Reuters) - A Delaware court declined on Friday to disqualify a law firm that Air Products and Chemicals Inc <APD.N> is using in its $5.1 billion bid to acquire rival Airgas Inc <ARG.N&a...

Dow Chemical sell Styron to Bain for $1.63 billion

2010-03-02T13:45:23Z

<div id="subtitle">Bain gets Dow's Styron plastics unit for $1.63 billion</div><div><p>Dow Chemical sold its Styron plastics division to Bain Capital for $1.63 billion, the company said Tuesday, ending months of circling by Bain and other private equity firms.</p><p>For Dow, the deal is a further unloading of debt afte...

CF Industries gets hostile with their offer for Terra Industries. GOOD. (CF, TRA)

2010-03-02T20:00:18Z

Shares of Sioux City Iowa fertilizer firm Terra Industries are up 12.5% on a hostile buyout offer from CF Industries (CF).  The offer of $46.87 trounces the deal that is currently under way, a $41.10 offer from

Solutia lays out debt plan for buying Etimex Solar

2010-03-02T13:01:06Z

<div id="subtitle">Solutia lays out debt plans to pay for Etimex Solar acquisition; ratings agencies weigh in</div><div><p>Specialty chemical and products maker Solutia Inc. said Tuesday it will refinance two loans worth $1.05 billion, and issue another $300 million in notes, in preparation for its planned purchase of Etimex Holding GmbH's solar un...

BASF posts strong 2009 fourth quarter results

2010-02-25T01:16:10Z

<div><p>German chemicals giant BASF posted stronger than expected fourth quarter results on Thursday, and said the worst was over after its 2009 net profit was less than half from the previous year.</p><p>BASF, the world's biggest chemicals group, surprised markets with a fourth quarter net profit of 455 million euros (612 million dollars), compared with a loss of 313 million euros in the same period of 2008.</p><p>...

BASF says net profit cut in half in 2009

2010-02-25T00:16:41Z

<div><p>German chemicals group BASF underscored on Thursday sector problems last year, posting a net profit that was less than half the 2008 figure, but said the worst was behind it.</p><p>BASF reported a 2009 net profit of 1.41 billion euros (1.9 billion dollars), down by 51.6 percent from the figure in 2008.</p><p>Sales fell by 19 percent to 50.7 billion euros, a BASF statement added, while core earnings were off...

Airgas urges shareholders to reject takeover bid

2010-02-22T14:00:31Z

<div id="subtitle">Airgas urges shareholders to reject 'bargain basement' Air Products hostile takeover bid</div><div><p>The board of Airgas said Monday it unanimously rejected a hostile takeover bid by rival Air Products & Chemicals Inc. and again told shareholders the $60-per-share offer is too cheap.</p><p>Air Products took its $5.1 bill...

Long way to recovery for specialty chemicals makers

2010-02-22T09:18:47Z

<div><p>ZURICH (Reuters) - Swiss specialty chemicals companies Clariant &lt;CLN.VX&gt; and Givaudan &lt;GIVN.VX&gt; hinted at a prolonged recovery process for an industry hit hard by the downturn in key markets like the car and building sectors.&am...

Yara buys Terra for $4.1 billion, bets on U.S. recovery

2010-02-22T09:26:53Z

<div><p>OSLO (Reuters) - Norway's Yara &lt;YAR.OL&gt; agreed to buy Terra Industries &lt;TRA.N&gt; for $4.1 billion to create the world's biggest mineral fertilizer producer and boost its U.S. pre...

Norway's Yara to buy Terra Industries for $4.1B

2010-02-22T09:28:12Z

<div id="subtitle">Norwegian fertilizer company Yara to buy US competitor Terra Industries for $4.1 billion</div><div><p>Norwegian fertilizer company Yara International ASA said Monday it has agreed to acquire U.S. competitor Terra Indu...

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