Earnings per share was lowered for CF Industries (NYSE:CF) by JPMorgan (NYSE:JPM), citing a decline in margins for nitrogen.
Analysts at JPMorgan said, "We lowered our 2010 EPS estimate to $7.25 versus $8.00 previously to reflect slimmer second-half nitrogen margins. Our 2Q:10 EPS estimate is now $3.25 versus our previous estimate of $3.35. We also trimmed our 2011 EPS projections to $7.00 versus our previous projection of $7.50. We maintain our 2012 EPS projection of $6.00."
CF Industries is rated "Neutral" at this time, with a price target of $65, recently lowered from $73.
CF bought Terra Industries recently, which changed their prior debt-free balance sheet, although that is expected to be taken care of in a relatively short time.
Showing posts with label Terra Industries. Show all posts
Showing posts with label Terra Industries. Show all posts
Monday, June 14, 2010
Saturday, May 22, 2010
CF Industries (NYSE:CF) Sees Savings from Terra Acquisition on High End
Only a short time after acquiring Terra, CF Industries (NYSE:CF) says it looks like the two companies have more synergies than expected, and savings should be on the high end of the $105 million to $135 million estimated, in about two years. That's figured on an annual basis.
Some of the particular segments of the company which will benefit strongly are vendor services, transportation, an storage, according to CF President and CEO Steve Wilson.
Wilson said he is "confident" after the early results have come in, and they haven't "been that hard to identify and realize so far."
CF took over Terra for $4.72 billion after pursuing the company for about a year, bidding against major competitors like Agrium (NYSE:AGU) and Yara International.
This make CF Industries the largest producer of nitrogen in North America, and second-largest in the world.
Some of the particular segments of the company which will benefit strongly are vendor services, transportation, an storage, according to CF President and CEO Steve Wilson.
Wilson said he is "confident" after the early results have come in, and they haven't "been that hard to identify and realize so far."
CF took over Terra for $4.72 billion after pursuing the company for about a year, bidding against major competitors like Agrium (NYSE:AGU) and Yara International.
This make CF Industries the largest producer of nitrogen in North America, and second-largest in the world.
Saturday, April 17, 2010
CF Industries Holdings (NYSE:CF), Terra Industries (NYSE:TRA), Married at Last
CF Industries Holdings Merges with Terra Industries
After acquiring over 90 percent of Terra Industries (NYSE:TRA), CF Industries Holdings (NYSE:CF) and them will become the second-largest manufacturer of nitrogen fertilizer in the world.
The 90 percent acquisition allows the deal to go through without the approval of shareholders of Terra.
Agrium Inc. (NYSE:AGU) had battled CF Industries for Terra before dropping the $5.43 billion bid.
Shareholders of Terra will get 0.0953 of a share of CF Industries common stock for each share they own of Terra, along with $37.15 in cash a a share.
In a statement, president and CEO of CF Industries, Stephen Wilson said, "A combined CF Industries and Terra creates a strong leader in the global fertilizer industry with superior assets that will generate long-term value for stockholders, provide more benefits to customers and offer increased opportunities to employees."
After acquiring over 90 percent of Terra Industries (NYSE:TRA), CF Industries Holdings (NYSE:CF) and them will become the second-largest manufacturer of nitrogen fertilizer in the world.
The 90 percent acquisition allows the deal to go through without the approval of shareholders of Terra.
Agrium Inc. (NYSE:AGU) had battled CF Industries for Terra before dropping the $5.43 billion bid.
Shareholders of Terra will get 0.0953 of a share of CF Industries common stock for each share they own of Terra, along with $37.15 in cash a a share.
In a statement, president and CEO of CF Industries, Stephen Wilson said, "A combined CF Industries and Terra creates a strong leader in the global fertilizer industry with superior assets that will generate long-term value for stockholders, provide more benefits to customers and offer increased opportunities to employees."
Friday, March 12, 2010
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
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
Thursday, March 11, 2010
Terra (NYSE:TRA) Likes CF Industries Holdings (NYSE:CF) Offer
CF Industries Holdings Gets Nod from Terra
The bid by CF Industries Holdings (NYSE:CF) for Terra Industries (NYSE:TRA) left a nice taste in the mouth of the company, and they let rival bidder Yara International ASA know it has five days to make a counter offer.
If there is no counteroffer, Yara International will walk away from the deal with a $123 million break-up fee, but nothing else in five business days.
Yara bid $4.1 billion for Terra, a fertilizer competitor of Yara based in the U.S. The bid by Yara, which valued Terra at $41.10 a share, was all in cash, while CF is offering $37.15 in cash, along with 0.0953 a share for each Terra share, which brings the total to $46.74 a share.
CF Industries Holdings Gets Nod from Terra
The bid by CF Industries Holdings (NYSE:CF) for Terra Industries (NYSE:TRA) left a nice taste in the mouth of the company, and they let rival bidder Yara International ASA know it has five days to make a counter offer.
If there is no counteroffer, Yara International will walk away from the deal with a $123 million break-up fee, but nothing else in five business days.
Yara bid $4.1 billion for Terra, a fertilizer competitor of Yara based in the U.S. The bid by Yara, which valued Terra at $41.10 a share, was all in cash, while CF is offering $37.15 in cash, along with 0.0953 a share for each Terra share, which brings the total to $46.74 a share.
CF Industries Holdings Gets Nod from Terra
Thursday, March 4, 2010
Terra Industries (NYSE:TRA) Deal Underscores Global Focus
Terra Industries
It's impossible to know at this time where the battle for Terra Industries (NYSE:TRA) will land, but the one thing underscoring this deal and its competitors like CF Industries (NYSE:CF) and Agrium (NYSE:AGU), is there is a consolidation movement underfoot to expand into global companies in the fertilizer industry, and it's doubtful anything will be able to stand in the way of that happening.
Whether Yara International gets Terra Industries or another company won't matter outside of the individual company itself, as whatever name these companies go under in the future, they won't be staying the same in the soon future.
For example, while CF Industries is battling Yaro International for Terra Industries, CF Industries is trying to be taken over by its rival Agrium, showing where this will end is anyone's guess. One thing we can probably all be sure of: some of these companies will be part of one another in a relatively short time.
Terra Industries
It's impossible to know at this time where the battle for Terra Industries (NYSE:TRA) will land, but the one thing underscoring this deal and its competitors like CF Industries (NYSE:CF) and Agrium (NYSE:AGU), is there is a consolidation movement underfoot to expand into global companies in the fertilizer industry, and it's doubtful anything will be able to stand in the way of that happening.
Whether Yara International gets Terra Industries or another company won't matter outside of the individual company itself, as whatever name these companies go under in the future, they won't be staying the same in the soon future.
For example, while CF Industries is battling Yaro International for Terra Industries, CF Industries is trying to be taken over by its rival Agrium, showing where this will end is anyone's guess. One thing we can probably all be sure of: some of these companies will be part of one another in a relatively short time.
Terra Industries
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