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Kendall Law Group Investigates Terra Industries Inc. For Investors

 

Kendall Law Group investigates Terra Industries Inc. (NYSE:TRA) for investors concerning the proposed acquisition of Terra by Yara International ASA. The Board of Directors of Terra may have breached their fiduciary duties by entering into an agreement that is unfair to shareholders, without seeking other deals that may have better represented the value of the company. If you are a TRA shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at hlindley@kendalllawgroup.com.

On February 15, 2010, Terra Industries announced that they had entered into an agreement to be acquired by Yara International in a $4.1 billion transaction. According to the agreement, shareholders will receive $41.10 in cash per TRA share owned, only 24% over the $33.25 closing price before the deal was announced. TRA common stock closed at $43.12 as recently as December 10, 2009. Due to the $123 million termination fee, it is unlikely that Terra will continue to seek other options.

Kendall Law Group, founded by former federal judge Joe Kendall, has been counsel in dozens of merger and acquisition cases nationwide, including some of the largest transactions in the United States. The firm includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. Protect your rights as a TRA shareholder by calling the firm.

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Copyright Business Wire 2010

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