Agrium (NYSE: AGU) Extends Exchange Offer for CF Industries Holdings (NYSE: CF) ‎

Agrium Inc. (TSX: AGU)(NYSE:AGU) recently announced that it has extended the date of its offer to acquire CF Industries Holdings, Inc. (NYSE:CF) for $40.00 in cash plus one Agrium share per CF share until 12:00 midnight, Eastern Time, on September 22, 2009.

Agrium President and CEO Mike Wilson said, "Agrium remains fully committed to acquiring CF, and as we have previously stated, we strongly believe that combining Agrium and CF will create a terrific company and significant value for stockholders. Despite the fact that CF continues to ignore a clear mandate to conclude a transaction, we will continue to press CF to execute a mutually beneficial merger agreement. Our offer remains far superior to any alternative articulated by CF, including remaining independent or paying a premium for Terra."  Agrium's offer is not subject to a financing condition. Agrium has sufficient cash resources and committed financing underwritten by Royal Bank of Canada and The Bank of Nova Scotia to fund the cash portion of the offer.

Agrium Inc. is a major retail supplier of agricultural products and services in both North and South America and a leading global producer and marketer of agricultural nutrients and industrial products. Agrium produces and markets three primary groups of nutrients: nitrogen, phosphate and potash as well as controlled release fertilizers and micronutrients. Agrium's strategy is to grow through incremental expansion of its existing operations and acquisitions as well as the development, commercialization and marketing of new products and international opportunities. Agrium is the only publicly traded company that is integrated from mining the raw materials for fertilizer production through to selling to growers. We are the largest direct-to-grower agricultural retailer in the United States. We also supply materials that a variety of industries use to produce goods such as mining explosives, household products, pulp and paper, fiberboard and aluminum. Agrium is incorporated under the Canada Business Corporations Act. We are headquartered in Calgary, Alberta, and are listed on the Toronto and New York stock exchanges under the symbol AGU. As of December 31, 2007 Agrium had a market capitalization of more than $11 billion, and had 158 million shares outstanding. Approximately 56 percent of our shareholders are in Canada, 34 percent in the United States, and ten percent in Europe and the rest of the world.

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