CF Industries Holdings, Inc. (CF) on Thursday said that it has withdrawn its offer to buy Terra Industries Inc. (TRA) and that it is no longer pursuing the acquisition. CF Industries also said that it has sold all its Terra shares, with a net gain that more than offsets the expenses it has incurred in connection with its proposed acquisition of Terra.
Also, the company said that in light of its current capitalization and expected strong cash flow in 2010, it will continue, as it has in the past, to evaluate its full range of capital deployment opportunities including strategic investments and returning capital to stockholders.
For comments and feedback: editorial@rttnews.com