Another Terra/CF deadline passes - KTIV News 4 Sioux City IA: News, Weather and Sports

Another Terra/CF deadline passes


SIOUX CITY, Iowa (KTIV) -- The latest deadline has come, and gone, for Terra shareholders to tender their shares to C-F Industries. The deadline passed at 5:00, Wednesday night.

That's actually the deadline on the first extension of CF's offer to Terra shareholders. The hope is that CF can get 90% of shareholders to tender their Terra shares to close the nearly five-billion dollar deal.

On Monday, 87.5% of shareholders had agreed to CF's offer, now worth about $47.50 a share.

No word what will happen if CF falls short of the 90% mark, again.

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