Notable Mergers and Acquisitions of the Day 11/2: CF/TRA, DNR/EAC, AMZN, CMCSA/GE, USB, LPS - Street Insider

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Notable Mergers and Acquisitions of the Day 11/2: CF/TRA, DNR/EAC, AMZN, CMCSA/GE, USB, LPS
Nov 02, 2009 03:13 PM UTC

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Via StreetInsider.com News Articles:

Late Sunday, CF Industries Holdings, Inc. (NYSE: CF) offered to acquire Terra Industries Inc. (NYSE: TRA) for $32.00 in cash and 0.1034 of a share of CF Industries common stock for each Terra share.

The offer has a value of $40.61 per share, based on Friday's closing price for CF Industries common stock. The offer, which is equivalent to a multiple of 7.1 times trailing 12-months EBITDA, represents a premium of 28% to Terra's closing price on Friday.

CF said Morgan Stanley has committed $2.5 billion to provide the funds required for the transaction.

Terra said they would review the new offer.
On Sunday,

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