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TRA Tertre Rouge Assets Plc

65.00
0.00 (0.00%)
04 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tertre Rouge Assets Plc LSE:TRA London Ordinary Share GB00BNHN6S26 ORD GBP0.04
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 65.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Blank Checks 0 -591k -0.1159 -5.61 3.32M

RiskMetrics Recommends CF Holders Back Agrium Takeover

16/06/2009 9:45pm

Dow Jones News


Tertre Rouge Assets (LSE:TRA)
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   DOW JONES NEWSWIRES 
 

Leading proxy adviser RiskMetrics is recommending CF Industries Holdings Inc. (CF) shareholders support Agrium Inc.'s (AGU) $4.4 billion tender offer, which to date has received muted investor demand.

CF's board and management have repeatedly rebuffed Agrium's approaches, instead backing a planned takeover of fellow fertilizer company Terra Industries Inc. (TRA). The three firms are battling for position in an industry that saw prices crumble in the latter half of 2008.

Agrium President and Chief Executive Mike Wilson thanked RiskMetrics in supporting its takeover effort. But as he warned two weeks ago, Wilson said his company is prepared to walk away if CF shareholders don't provide "a compelling majority," in support of the deal. At that time, just 1.5 million CF shares were tendered; there are 49.1 million outstanding.

Agrium is offering $40 and one share of its stock for each share of CF. That values CF at $86.23, a 9.6% premium to Tuesday's closing price.

-By Kevin Kingsbury, Dow Jones Newswires; 201-938-2136; kevin.kingsbury@dowjones.com

 
 

1 Year Tertre Rouge Assets Chart

1 Year Tertre Rouge Assets Chart

1 Month Tertre Rouge Assets Chart

1 Month Tertre Rouge Assets Chart