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Agrium says CF Industries resisting still

Agrium says CF Industries resisting still

The chief executive of Agrium Inc. says rival fertilizer company CF Industries Holdings Inc. is still resisting takeover efforts.
Mike Wilson says CF's chairman indicated he was not willing to meet to discuss the nearly $4 billion deal because nothing has changed.
Wilson says CF is disregarding the wishes of its shareholders, 62 percent of whom had tendered their stock to Agrium's offer as of last week.
Wilson said Monday Canada-based Agrium is still pursuing its hostile bid for CF. The bid was extended last week to July 22.
The company is offering $40 in cash plus one Agrium share for every CF share.
Deerfield, Illinois-based CF Industries has consistently rebuffed Agrium's takeover attempt. They think Agrium is undervaluing the company.


Updated : 2021-07-24 09:45 GMT+08:00