Agrium to Terminate Offer to Acquire CF Industries

Agrium Inc. (TSX:AGU) (NYSE:AGU) reported that the company will no longer pursue an acquisition of CF Industries Holdings Inc. (NYSE: CF) or the election of its nominees to the CF board of directors and will allow its offer to expire at 12:00 midnight, New York City time, on March 22, 2010.

The press release is quoted as saying:

Agrium Inc. is a major retail supplier of agricultural products and services in both North and South America and a leading global producer and marketer of agricultural nutrients and industrial products. Agrium produces and markets three primary groups of nutrients: nitrogen, phosphate and potash as well as controlled release fertilizers and micronutrients. Agrium’s strategy is to grow through incremental expansion of its existing operations and acquisitions as well as the development, commercialization and marketing of new products and international opportunities.

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