www.oilweek.com/news.asp?ID=21399 -
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Published on: 2/26/2009
Last Visited: 2/26/2009
"We believe this acquisition benefits both Agrium and CF by creating a stronger global player that can more effectively compete on the world stage," said Agrium CEO Mike Wilson on a conference call.
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"The business logic was clearly apparent then, and it is even more today," Wilson said on the conference call.
He said the acquisition would triple Agrium´s phosphate production and mesh well with its existing U.S. distribution network.
"We believe it will be clear to everyone that our proposal provides significantly more value for CF Industries stock holders than its pending proposal to acquire Terra industries, or any other options," Wilson said.