Terra Industries Inc. (TRA) said its Board of Directors, after careful consideration, including receipt of advice of its independent financial and legal advisors, has unanimously rejected CF Industries Holdings, Inc.'s (CF) latest proposal to acquire Terra for $29.25 per share in cash plus 0.1034 of a share of CF common stock per Terra share, because it continues to substantially undervalue Terra.
The Board considered, among other factors, that the fertilizer sector has strengthened significantly in recent months and moderate gas costs and the broader recovery among Terra's agricultural and industrial customer base is expected to drive rising demand and improving margins for Terra's upgraded nitrogen products. The Board believes the market consensus is shifting to reflect the brighter near-and long-term prospects for the entire sector, and that the latest improvement to CF's bid does not fully reflect these brighter prospects.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.