CF Industries Holdings (NYSE:CF) Gets Terra (NYSE:TRA)

CF Industries Holdings Lands Terra Industries

After battling it out for close to a year, CF Industries Holdings (NYSE:CF) finally got the prize it was fighting for: Terra Industries (NYSE:TRA).

Yara, which has made an offer which they weren't willing or able to increase to land Terra, will receive a $123 million break-up fee as a result of the dealing falling through for them.

The winning bid for Terra by CF Industries was $4.7 billion, while Terra offered $4.1 billion for the company.

Once the merger takes place the companies expect to save up to $135 million annually.

CF Industries Holdings Lands Terra Industries