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Funds raised for nitric acid plant

The proceeds from diversified chemicals services provider Omnia’s rights offer of R1-billion, will be used for the construction of a R1,4-billion nitric acid (HNO3) plant, in Sasolburg. The offer closed in September and attracted subscriptions of about R2-billion. 

Analysts expect sweetened Potash Corp bid, mixed on rival offer 

By: Liezel Hill The general consensus on Tuesday was that BHP Billiton will have to pay quite a bit more than the $130 a share it has proposed if it wants to get its hands on fertiliser products giant Potash Corp. In fact, investors pushed shares in Potash Corp to above $143 a share in New York, an increase of... 

Agrium offers $1,1bn for grain marketer AWB

By: Liezel Hill Canadian fertiliser products firm Agrium has offered $1,1-billion for Australia's AWB, the company said on Sunday. The bid trumps an existing offer for AWB, which markets and sells grain on behalf of Australian farmers, from another Australian company, Graincorp. 

Agrium extends CF offer, repeats commitment to deal

By: Liezel Hill Calgary, Alberta-based fertiliser products firm Agrium has extended the expiration date of its offer to buy US rival CF Industries once again. The offer, of $45 in cash plus one Agrium share per CF share, was to have expired on February 22 but the deadline has been extended until midnight New... 

Potash Corp profit falls 80%

By: Liezel Hill Canadian fertiliser products group Potash Corporation of Saskatchewan earned $248,8-million in the third quarter, a sharp fall from profit of $1,2-billion in the same three months a year earlier. The weaker performance reflected ongoing reluctance by farmers around the world to buy and use... 

Potash Corp cuts earnings forecast on lagging potash volumes

By: Liezel Hill Canadian fertiliser products giant Potash Corporation of Saskatchewan has lowered its profit forecast for this year, because of weak potash sales. The company now only expects full-year earnings of between $3,25 and $3,75 a share, compared with a July estimate of $4 to $5 a share.  

CF Industries dangles sweetened offer for Terra

By: Liezel Hill US fertiliser products group CF Industries is prepared to increase its offer for smaller rival Terra Industries, the firm announced on Wednesday. CF, which is itself fending off a hostile overture from Canada's Agrium Inc, said it is prepared to offer 0,465 of its shares for each Terra share,... 

CF extends offer for Terra Industries

By: Liezel Hill US fertiliser products group CF Industries has extended the expiration date of its offer to buy Terra Industries, to June 26, the company announced on Friday. The offer was to have expired on June 12, just after Terra was expected to hold its annual shareholders meeting.  

CF spurns sweetened Agrium offer

By: Liezel Hill US fertiliser products group CF Industries on Monday rejected an improved takeover offer from Calgary-based rival Agrium as “grossly inadequate” and repeated its determination to buy smaller target Terra Industries. On Friday, Agrium increased the cash portion of its offer for CF by 10%, to... 

CF Industries spurns Agrium offer, will sweeten own bid for Terra

By: Liezel Hill US fertiliser products group CF Industries has rejected a takeover proposal from Calgary-based rival Agrium, and said on Monday it would be prepared to raise the price of its own takeover offer for Terra Industries. The Agrium proposal is “grossly inadequate” and “opportunistic”, CF CEO Stephen... 

Omnia headline EPS up 58%

By: Liezel Hill Specialised chemicals group Omnia on Wednesday reported headline earnings a share of 558,2c for the 12 months ended March 31, an increase of 58% on the previous year’s results. 

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