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Agrium Clears FTC Hurdle

Agrium Clears FTC Hurdle

Ongoing fight in the fertilizer industry gets a regulatory boost for one player.

Agrium wants to acquire CF Industries. Just before Christmas, the Federal Trade Commission granted an early termination of a necessary waiting period under antitrust laws in connection with the acquisition. That means Agrium can move ahead with the acquisition.

There's only one sticking point. "With the receipt of all necessary regulatory approvals to acquire CF, the only remaining impediment to conclude this mutually beneficial transaction is the continued refusal of the CF board to meet with us," said Mike Wilson, Agrium President and CEO. "Agrium remains committed to acquiring CF and will continue its efforts to achieve the combination between Agrium and CF, which would benefit the stockholders of both companies."

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