Oslo (2010-03-12): Yara International ASA (Yara) has received termination from Terra Industries Inc. (Terra) of the merger agreement signed 12 February by Yara and Terra.
Yara is entitled to a USD 123 million break-up fee payable concurrently with merger agreement termination.
Contact
Torgeir Kvidal, Investor Relations
Telephone (+47) 24 15 72 95
Cellular (+47) 91 339 832
E-mail torgeir.kvidal@yara.com
Asle Skredderberget, Media Relations
Cellular (+47) 41 44 36 10
E-mail asle.skredderb (...)
Oslo (2010-03-12): Yara International ASA is publishing an information memorandum in connection with the proposed acquisition of Terra Industries Inc.
The information memorandum is published to fulfill article 3.5 in the continuing obligations for companies listed at the Oslo Stock Exchange.
Yara continues to use all appropriate efforts to consummate the merger and reserves all rights under the merger agreement until such time, if ever, as the merger agreement is terminated in accordanc (...)
Oslo (2010-03-12): Yara International ASA (Yara) has notified Terra Industries Inc. (Terra) that it will not propose an improvement to the cash merger agreement signed 12 February by Yara and Terra.
As announced 10 March, Yara has received a notification from Terra Industries Inc. (Terra) that the proposal from CF Industries is, in Terra's view, a superior proposal to the merger agreement signed by Yara and Terra. The merger agreement may be terminated under certain circumstances, including (...)
Oslo (2010-03-10): Yara International ASA (Yara) has received a notification from Terra Industries Inc. (Terra) that the proposal from CF Industries is, in Terra's view, a superior proposal to the merger agreement signed 12 February by Yara and Terra.
As announced on 15 February 2010, Yara and Terra entered into a merger agreement, pursuant to which Yara agreed to acquire all of the outstanding common stock of Terra for $41.10 per share in cash. The merger agreement may be terminated unde (...)
Oslo (2010-02-18): Yara International ASA has made a commercial paper issue of NOK 500 million with maturity 22 February 2011. Manager is DnB NOR Markets.
Contact:
Torgeir Kvidal, Investor Relations
Telephone (+47) 24 15 72 95
Cellular (+47) 91 33 98 32
E-mail torgeir.kvidal@yara.com
Jens Hofgaard, Finance
Telephone (+47) 24 15 74 99
Cellular (+47) 91 38 97 93
E-mail jens.hofgaard@yara.com
Yara International ASA is a leading chemical company that converts energy, natural minera (...)
Not for distribution into the United States
Oslo (2010-02-17): Reference is made to the stock exchange notice by Yara International ASA ("Yara") on 15 February 2010 regarding the signing of a cash merger agreement with Terra Industries Inc. ("Terra"). In accordance with Oslo Børs Continuing Obligations Article 3.4, certain additional information regarding the contemplated transaction is set out below.
The Transaction and its Rationale
As set out in the stock exchange notice of 15 Februa (...)
Yara International ASA will have an analyst briefing at 0930 today in our offices in Bygdøy Allé 2, followed by a press briefing.
The topic is the cash merger agreement between Yara and US competitor Terra Industries, and presentation of Yara's Q4 financial results.
Both Yara Chairman Øivind Lund, Yara CEO Jørgen Ole Haslestad and Terra CEO Michael Bennett will be present at the press conference, and available for interviews.
The agenda is as follows:
09.30: Present (...)
Oslo (2010-02-15): Yara International ASA reports improving results as margins expand from third quarter. Volumes were stable but demand and prices improved strongly at the end of the quarter.
Yara reports fourth-quarter net income after non-controlling interests of NOK 1,424 million (NOK 4.93 per share), compared with a negative NOK 2,109 million last year (NOK 7.27 per share). Excluding net foreign exchange losses and special items, the result was NOK 4.35 per share, compared with a negat (...)
Not for distribution into the United States.
Oslo (2010-02-15): Yara International ASA has signed a cash merger agreement with Terra Industries Inc. at a price of USD 41.10 per Terra share, representing a market capitalization of Terra of USD 4.1 billion. The transaction will give Yara an improved position in the US, and is planned to be supported by a Yara rights issue of USD 2.0-2.5 billion.
The agreed Terra share price of USD 41.10 represents a premium of 23.6% above the closing pri (...)
Yara International ASA's fourth quarter 2009 results will be released on Monday 15 February 2010. The results will be available at www.yara.com and in the reception at Bygdøy allé 2, Oslo from 08:00 CET.
The results will be presented at 09:30 CET by President and CEO Jørgen Ole Haslestad and CFO Hallgeir Storvik. The presentation will take place in the Auditorium in Bygdøy allé 2 and will be webcast at www.yara.com. The presentation will be held in English.
There will also be an Engl (...)