- Terra Industries Inc. (NYSE: TRA) sent the following letter to CF Industries Holdings, Inc. (NYSE: CF) in response to CF's letter dated August 5, 2009: The Board of Directors of Terra Industries Inc., with the assistance of its financial and legal advisors, has carefully considered your latest proposal to combine our companies.
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...
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