Commodities & Metals

Fertilizer Mergers in the Backstretch (CF, AGU, TRA)

The proposed acquisition of CF Industries Holdings, Inc. (NYSE:CF) by Canadian firm Agrium Inc. (NYSE:AGU) is heading for the shareholders’ meeting on April 21st. CF Holdings has received an opinion from RiskMetrics Group, a risk management firm that now owns…

By Douglas A. McIntyre
Published April 13, 2009, 7:38am ET · 1 min read

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The proposed acquisition of CF Industries Holdings, Inc. (NYSE:CF) by Canadian firm Agrium Inc. (NYSE:AGU) is heading for the shareholders’ meeting on April 21st. CF Holdings has received an opinion from RiskMetrics Group, a risk management firm that now owns former Institutional Shareholder Services, supporting the re-election of CF’s three nominees to its board of directors.

The report may knock the wind out of Agrium’s recent letter to shareholders asking them to withhold votes for CF’s nominees. CF still insists that Agrium is trying to kill CF’s merger with Terra Industries Inc. (NYSE:TRA) and to acquire CF at a “bargain price.”

Adding to the mix, Terra will announce its earnings on April 21st. Terra also got a boost when Citigroup Inc. (NYSE:C) recently upgraded its stock, and CF’s, to ‘Outperform’.

Paul Ausick
April 13, 2009

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Douglas A. McIntyre

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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