Agrium: Offer for CF Is Final

Agrium(AGU Quote) has drawn the line in the fertilizer: June 22 is the last day it will wait for CF Industries(CF Quote) to accept its takeover bid.

Agrium, based in Calgary, Canada, has extended the expiration date of the exchange offer until midnight EDT on June 22, a week later than the previous deadline. As of midnight June 2, approximately 1.49 million CF shares had been tendered into the offer. CF has 48 million shares outstanding.

That offer is $40 in cash and one common share of Agrium for each CF share. It is Agrium's "best and final price absent engagement by CF and demonstration of additional value," Agrium said. ...