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CF Industries in merger talks with Dutch fertilizer manufacturer OCI
Jul. 21, 2015
CF Industries Holdings, Inc.
United StatesFollow
United StatesU.S. fertilizer maker CF Industries Holdings Inc. is in advanced merger talks with Amsterdam-listed chemical company OCI NV, the Wall Street Journal reported.
The tie-up could be reached as early as this month, the Journal reported, citing people familiar with the matter.
Shares of CF Industries, which has a market value of about $14.8 billion, were up 7.4 percent at $67.22 after the report.
Both CF Industries and OCI were not immediately available to comment on the report.
The terms of the deal the two companies are discussing are unclear, and a transaction may not materialize, the WSJ said.
The deal may be structured as a so-called inversion -- a type of combination in which CF Industries moves its tax headquarters abroad, the Journal said.
OCI's market capitalization was $5.5 billion euros ($5.5 billion) based on the company's outstanding shares as of Dec. 30.
Source: Wall Street Journal
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