Law Office Of Brodsky & Smith, LLC Announces Investigation Of Terra Industries, Inc.
Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Terra Industries, Inc. (“Terra” or the “Company”) (NYSE: TRA) relating to the proposed acquisition by Yara International ASA. Under the terms of the agreement, Terra shareholders will receive $41.10 for each share of Terra stock they own. The transaction has a total equity value of approximately $4.1 billion.
The investigation concerns possible breaches of fiduciary duty and other violations of state law related to the Terra board’s approval of the proposed merger. The transaction appears to be unfair, in part, given that Terra stock was trading at $43.12. a share as recently as December 10, 2009 and was trading at $40.06 a share in November 20, 2009. Further, the merger announcement comes a month after CF Industries Holdings withdrew its year-long hostile bid for Terra.
If you own shares of Terra and wish to discuss the legal ramifications of the proposed acquisition, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, or by calling toll free 877-LEGAL-90.
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