Jake's legend grows into T-shirts Aug 7, 2009
"When I heard someone broke into Animal Control on Sunday and stole Jake before he was euthanized, I was shocked but not entirely unhappy about it," Stivers, who works in Terra Industries IT department, said in front of a sign that says: "On the lam for 4 days" at his makeshift shop inside the parking lot of the Train Depot Convenience Store. It was then that Stivers, a self-described dog lover who owns two himself, decided to print up 1,200 "Run, Jake, Run" T-shirts. (Sioux City Journal, IO)
CF says Terra buyout wait period ends Aug 7, 2009
(AP) -- CF Industries Holdings Inc. said Thursday a legally required waiting period on its proposed takeover of Terra Industries Inc. has ended ... The announcement came a day after CF Industries said it would increase its bid for Terra Industries, which produces nitrogen for agricultural, industrial and environmental markets, after two earlier takeover offers were rejected ... Terra Industries, based in Sioux City, said its board of directors will consider CF Industries' proposal before the end... (Sioux City Journal, IO)
Stocks Finish Lower Aug 6, 2009
CF Industries Holdings () says its board of directors is prepared to increase its offer for a business combination with Terra Industries () to a fixed exchange ratio of 0. 465 CF shares for each TRA share. (BusinessWeek)
CF sweetens deal in bid for Terra Aug 6, 2009
Investors seemed to react favorably to CF Industries' sweetened offer for Terra Industries Wednesday. Shares of Terra Industries soared 1. (Sioux City Journal, IO)
TSX Venture Exchange Daily Bulletins for July 30, 2009 Jul 31, 2009
TSX-X ------------------------------------------------------------------------ NEX COMPANY: PAN TERRA INDUSTRIES INC. ("PNT.H") BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s BULLETIN DATE: July 30, 2009 NEX Company TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 27, 2009: Convertible Debenture $62,500 Conversion Price: Convertible into one common share at the simple 10 day average closing price on... (CCNMatthews Press Releases)
Terra profit falls 60 percent Jul 24, 2009
The Sioux City-based company attributed the much-lower earnings to lower sales prices and volumes for its nitrogen-based products. Terra President and CEO Mike Bennett said the results reflect "buyers' hesitation to add to inventories" in the current environment. (Sioux City Journal)
101 Open Source Apps for Enterprises Jul 9, 2009
Users include U.S. Naval Air Systems Command, Lifetime Networks, Terra Industries, Sun Microsystems, and MySQL. Operating System: Windows, Linux, OS X. Commercial Support Available. Yes. (Datamation)
Time to Love These Stocks the Market Left Behind Jul 6, 2009
GameStop, Terra Industries ... Sioux City, Iowa-based Terra Industries, for example, sells for only five times. (Bloomberg -- Columnists)
Keep on truckin'Terra subsidiary cleans way for diesel engines Jul 5, 2009
A Terra Industries subsidiary is producing and marketing a urea-based solution used in a catalytic process that helps clean the air by reducing nitrogen oxide, or NOx, emissions ... About TETTerra Industries formed Terra Environment Technolgies in 2003 to develop nitrogen-based products to help power plants, water treatment plants and other industries reduce emissions from nitrogen oxygen, or NOx emissions. (Sioux City Journal)
Agrium Extends Deadline for CF Industries Offer Jun 24, 2009
Meanwhile, CF Industries is trying to buy another fertilizer company, Terra Industries Inc., and has launched a fight to unseat that company's board. The Sioux City, Iowa, company has repeatedly rejected CF Industries' advances. (ABC News -- Wire)
Wary of a teed-off public, CEOs shy away from the golf course Jun 23, 2009
"Right now, CF Industries is involved in a hostile three-way takeover tussle with two other fertilizer producers, Terra Industries and Agrium," says spokesman Charles Nekvasil in an e-mail. Nekvasil continues: "In all honesty, even talking about golf (or vacations, or cruises, or office parties or anything else) would send a signal to our shareholders that we aren't 100% focused on these transactions and creating shareholder value. We'll take a pass on this.". (USA Today -- Money)
Museum backers praise Vision Iowa award Jun 21, 2009
"Nearly 300 private contributors have provided donations and pledges, with a substantial gift from the Waitt family," said Bennett, president and CEO of Terra Industries ... The Waitt Family Foundation has pledged 3 million to the project, while Terra Industries has pledged 500,000. (Sioux City Journal)
Bennett leads Terra through its ups and down (29) Jun 21, 2009
Corporate experience: Terra Industries president and chief executive officer, 2001 to present; Chief operating officer and executive vice president, 1997 to 2001; President of company's distribution division, 1995 to 1997; Senior vice president, 1994 to 1995; Vice president, northern division, 1992 to 1994; vice president of wholesale fertilizer, 1990 to 1992; western region sales manager, 1985 to 1990; Supervisor, supply and distribution, 1981 to 1985 ... Mike BennettAge: xxHometown: Sioux... (Sioux City Journal)
CF still wants to buy rival Terra Jun 17, 2009
(Reuters) - U.S. fertilizer maker said on Tuesday it is still committed to buying rival Terra Industries Inc. as it faces down a hostile bid from Canada's Agrium Inc.. Earlier on Tuesday, Agrium urged CF shareholders to tender their shares for $40 in cash plus one Agrium share. (Crain's Chicago Business)
Agrium Threatens to Walk From CF Industries Deal Jun 17, 2009
Meanwhile, CF Industries is trying to buy Terra Industries Inc., and has launched a fight to unseat that company's board. "We are committed to continuing to pursue a business combination with Terra Industries, which we believe will create superior value for CF Industries stockholders and provide a significantly better growth platform than a combination with Agrium," Stephen R. Wilson, chairman, president and CEO of CF said late Tuesday. (ABC News -- Wire)
FTC asks for more info for CF-Terra deal Jun 5, 2009
-based CF described the FTC's request as a routine step that gives the federal agency 30 more days to review the proposed transaction. In a statement Thursday, CF said it "remains confident the transaction will be approved in all relevant jurisdictions.". (Sioux City Journal, IO)
TSX Venture Exchange Closing Summary for May 28, 2009 May 29, 2009
035 38,200 Pan Terra Industries Inc PNT.H $0. 030 $0. (CCNMatthews Press Releases)
Agrium targets CF shareholders May 19, 2009
The inescapable fact is that Agrium's offer, which provides a premium of nearly 60 per cent to CF's share price on the day prior to our initial offer, delivers more value to CF stockholders than any of the strategic alternatives articulated by CF, including remaining independent or acquiring Terra Industries, Mr. Wilson's statement said. Terra Industries is the target of a hostile takeover bid by CF.. (Globe and Mail -- Business)
CF rejects $4.2-billion Agrium offer as too cheap May 16, 2009
2-billion (U.S.) acquisition by Canadian rival Agrium Inc., as being too cheap, and stood by its own plan to take over Terra Industries. The U.S. company, which has repeatedly spurned Agrium's advances, said the latest offer of $40 cash per share and one Agrium share for each CF share was not in the best interests of CF and shareholders. (Globe and Mail)
Agrium bid puts CF in hot seat May 12, 2009
CF is also engaged in its own bid for Terra Industries Inc., which would produce a more pure-play fertilizer company that competes in what CF believes is a higher-margin industry. Agrium derives about half of its revenue from agricultural retail, which CF has criticized as a less-profitable business. (Globe and Mail -- Business)
New Agrium bid unlikely to sway CF May 12, 2009
CF Industries continues to push its own hostile takeover of Terra Industries ... For his part, Agrium CEO Mike Wilson said Monday: Given an increase of over 25 per cent in the cash component since our initial offer, we believe more than ever that our bid delivers far superior value for CF stockholders compared with any alternatives articulated by CF, including remaining independent or paying a premium for Terra Industries. (Globe and Mail -- Business)
Agrium Posts $60 Million Loss as Potash Sales Decline Amid the Recession May 7, 2009
Deerfield, Illinois-based CF has rebuffed Agriums advances in favor of pursuing its own hostile takeover of Terra Industries Inc., another fertilizer producer. Profit excluding certain items was 4 cents a share, the company said. (Bloomberg -- Canada)
Dispute delays interchange project May 2, 2009
About 30,000 trucks alone, for instance, go in and out of Terra Industries' Port Neal fertilizer plant each year, including 3,000 hauling nitrogen, said company spokesman Joe Ewing. Over the years, Woodbury County also has invested heavily in a network of hard-surfaced roads that feed into the interchange, Nahra said. (Sioux City Journal)
What top-paid CEOs in the U.S. earn Apr 28, 2009
This year, we have a new name atop our list of the most valuable bosses: Michael L. Bennett of Terra Industries. Over the past six years, Bennett has been paid an average of $3. (MSNBC -- Business)
4-Star Stocks Poised to Pop: L.B. Foster Apr 18, 2009
Terra Industries (NYSE: TRA). Ambac Financial (NYSE: ABK). (MSNBC -- Business)
Agrium asks CF holders to withhold proxy votes Apr 7, 2009
CF has called Agrium's proposal an attempt to interfere with its own takeover bid of Sioux City-based Terra Industries. CF has launched an exchange offer for all outstanding Terra shares, and is attempting to elect three directrors on Terra's eight-member board at Terra's annual meeting in June. (Sioux City Journal)
Agrium urges shakeup at CF board Apr 7, 2009
In rejecting the Agrium offer, CF has promised to keep pursuing its separate, but also hostile, bid for Sioux City, Iowa-based Terra Industries Inc. Terra has also repeatedly rejected CF's overtures. Agrium has argued that a CF-Terra combination isn't in the best interest of shareholders and is making its offer conditional on CF dropping plans to acquire its U.S. rival. (Globe and Mail -- Business)
Dow Chemical Buys Rohm and Haas, Passes Salt Apr 3, 2009
The potash industry has been rife with acquisition rumors, fueled by a hostile bid by CF Industries Holdings Inc. (CF) for Terra Industries Inc. (TRA), which was followed by Agrium Inc.'s (AGU) hostile bid for CF.. WestLB analyst Wolfgang Fickus said K+S is now an unlikely takeover target itself due to the increased debt load from the Morton acquisition. (SmartMoney)
Terra environmental group signs packaging deal Apr 2, 2009
Under the terms of the agreement, Excelda Manufacturing will package and distribute TerraCair Ultrapure Diesel Exhaust Fluid at its primary facility in Fowlerville, Mich. The plant will package in sizes of 50 gallons or less, specializing in one- to 2. (Sioux City Journal, IO)
Agrium raises bid to $3.8-billion, squeezing U.S. rival Mar 28, 2009
First, CF's management is hot in pursuit of its own hostile bid for Terra Industries Inc. Second, because of a legal quirk in Delaware where CF is registered, CF can only be sold if its board of directors agrees to the deal. That means Agrium needs a friendly deal, which it hopes to achieve by having CF shareholders pressure the company. (Globe and Mail)
CF rebuffed again in takeover bid Mar 25, 2009
(Reuters) Fertilizer maker Terra Industries Inc. on Tuesday rejected rival 's latest takeover offer, saying the bid undervalues the company and is counter to its strategic objectives. In a letter to CF Chief Executive Stephen Wilson, Terra CEO Michael Bennett and Chairman Henry Slack rejected the proposal, which CF said on Monday it was prepared to raise by 11 percent to $30. (Crain's Chicago Business)
Terra rebuffs CF's sweetened offer Mar 25, 2009
"Our board has unanimously concluded that this most recent version of your proposal continues to run counter to Terra's strategic objectives, substantially undervalues Terra both absolutely and relative to CF and would deliver less value to our shareholders than would owning Terra on a stand-alone basis," Terra said in a public letter to CF President and CEO Stephen R. Wilson. The letter, signed by Terra President and CEO Michael L. Bennett and Terra chairman Henry R. Slack, was in response to... (Sioux City Journal)
CF ups ante for Terra, rebuffs own takeover Mar 24, 2009
On Wall Street Monday, investors seemed to be betting that CF Industries would be more likely to be taken over itself than prevail in its hostile stock swap for rival fertilizer manufacturer Terra Industries. Terra shares rose 81 cents, or 3 percent, to close at 27. (Sioux City Journal)
County didn't know of city-IDOT meetings Mar 18, 2009
Walish said the interchange at Port Neal is critical to the businesses established there since it opened in 1960 and that closing it was "not a compromise issue." He cited serious explosions at Terra Industries and AGP in making his argument that public safety professionals must be able to access that area quickly and not be delayed by exiting the interstate a mile or two away. Supervisor Mark Monson said the people near the Port Neal interchange are "angry" about the idea of closing it. (Sioux City Journal)
Agrium takes bid directly to CF shareholders Mar 17, 2009
Last week, CF Industries saw its own takeover bid for U.S. nitrogen producer Terra Industries Inc. falter when Terra rejected that bid. Agrium's own bid had been made on the condition that CF Industries drop its bid for Terra. (Globe and Mail -- Business)
Market Forecaster Mar 17, 2009
04 billion unsolicited bid as "grossly inadequate" and sweetened its own offer to buy rival fertilizer maker Terra Industries Inc. Agrium's takeover bid is "a transparent attempt to interfere with CF Industries' proposed business combination with Terra," CF Chief Executive Officer Stephen R. Wilson said today in a statement. CF is prepared to increase the value of its Terra bid 38 percent more than its original offer to the equivalent of 27. (Midwest Bulls Eye, NE)
Museum's $3M grant request in limbo Mar 12, 2009
The museum plans to move from its current quarters at 2901 Jackson St. to the former JCPenney building at 607 Fourth St.Major donations to the foundation have included 3 million from the Waitt Family Foundation, 500,000 from Terra Industries, 100,000 from the M.A. Martin Everist Foundation and 125,000 in two separate donations from The Gilchrist Foundation. Story Comments. (Sioux City Journal)
City's I-29 proposal surprises county Mar 11, 2009
The Port Neal interchange serves Design Homes, a motel, AGP, Terra Industries, MidAmerican Energy, Gelita USA, CPS Corp., Western Iowa Coop and various other businesses. Nahra said AGP alone puts 55,000 truck a year on the interchange and its county feeder roads, which are built with 8-inch paving to stand up to the heavy industrial traffic. (Sioux City Journal)
CF increases its offer for Terra, rejects own takeover Mar 10, 2009
Agrium's unsolicited 3. 6 billion deal for Deerfield, Ill. (Sioux City Journal)
Terra board rejects CF tender offer Mar 6, 2009
"A combination with CF would shift that focus back to agricultural urea and ammonia, which represents 70 perent of CF's nitrogen sales and only 16 percent of Terra's,'' Terra said in the letter. Terra Industries questioned CF Industries Holding's claim that combining the two fertilizer manufacturers would create 100 million in savings."CF offers no convincing basis to conclude its synergy estimates are achievable, particularly given CF's lack of experience in acquistions,'' Terra said in the... (Sioux City Journal)
CF rival makes $3.6B purchase offer Feb 26, 2009
1 billion to buy Terra Industries Inc. ... Deerfield-based CF Industries made an all-stock offer for Terra Industries of Sioux City, Iowa, on Jan. 15 ... Under the proposal, Terra Industries shareholders would have received 0. (Crain's Chicago Business)
Levi & Korsinsky, LLP Investigates Breach of Fiduciary Duty by the Board of CF Industries Holdings, Inc. Feb 26, 2009
The proposal is conditioned on, among other things, CF withdrawing its efforts to acquire Terra Industries. If you own common stock in CF and wish to obtain additional information, please contact us at the number listed below or visit. (Primezone Releases)
Banks, energy boost TSX Feb 26, 2009
1-billion takeover bid for Terra Industries Holdings. The Toronto energy sector was ahead 1. (Globe and Mail -- Business)
Agrium makes bold bid for farm dominance Feb 26, 2009
1-billion hostile bid to buy Terra Industries Holdings Inc. Agrium's offer, which it hopes to close in 90 days, is contingent on CF pulling out of that bid, and some investors expect CF to try to fend off Agrium by increasing its bid for Terra. In a statement yesterday, CF said its board will evaluate the proposal carefully in the context of CF Industries' strategic plans. (Globe and Mail -- Business)
Agrium makes offer for Terra suitor CF Feb 26, 2009
Agrium Inc. offered Wednesday to buy CF Industries Holdings for 3. 6 billion in cash and stock. (Sioux City Journal)
Agrium Bid Puts Fertilizer Stocks In The Spotlight Feb 26, 2009
6 billion bid on Wednesday for fellow fertilizer maker CF Industries, () which has been trying to acquire Terra Industries. (). (Investors Business Daily)
CF launches hostile bid for Terra Feb 24, 2009
1 billion tender offer for all Terra Industries common stock would expire May 15, the last date Terra can legally hold this year's annual meeting. In a statement issued Monday, Terra said its board will review and consider CF's offer and make a formal recommendation to shareholders within 10 business days. (Sioux City Journal)
CF moves ahead on takeover bid of Terra Feb 19, 2009
-based CF filed notice of its 2. 1 billion offer for Terra with the U.S. Department of Justice and the Federal Trade Commission, as required under the Hart-Scott-Rodino Antitrust Improvement Act of 1976, the company said in a news release. (Sioux City Journal, IO)
United Way Campaign tops $3 million (76) Feb 15, 2009
"We are so thankful that the Siouxland community has stepped forward and provided support in a year when it will be needed the most," said Mike Bennett, CEO of Terra Industries and campaign co-chair, along with his wife Margie ... Hall of Fame companies include BPI Technology Inc./Beef Products Inc.; Great West Casualty Company; Klinger Companies Inc.; Mercy Medical Center-Sioux City; MidAmerican Energy; Security National Bank; Terra Industries Inc.; Tyson Fresh Meats Inc.; Vantus Bank; 185th... (Sioux City Journal)
Terra fourth-quarter profit surges Feb 11, 2009
The robust report comes as the Sioux City-based company attempts to fend off a takeover bid by rival manufacturer, CF Industries. -based firm last week said it would take directly to Terra shareholders the same 2. (Sioux City Journal, IO)
The week ahead: Obama, Abe, Shaq and Cupid Feb 9, 2009
Sioux City-based Terra Industries will release its fourth quarter earnings report on Tuesday. The company may also offer up more information about its attempts to fight off a hostile takeover bid by rival CF Industries. (Sioux City Journal, IO)
