| Title: | Terra Industries Inc intends a stock buyback |
| Price: | $36.00 |
| Publication Date: | May 08, 2008 |
| Abstract: | US - In May 2008, the board of Terra Industries Inc (TI), a manufacturer of nitrogenous fertilizers, authorized the repurchase of up to 10 mil common shares, or about 10.944% of the company's common stock outstanding, in open market or privately negotiated transactions. Based on TI's closing stock price of $40.78 on May 7, the last full trading day prior to the announcement of the board's approval, the buyback had an indicated value of up to $407.8 mil. |
| Acquirer: | Terra Industries Inc |
| Acquirer Business Discription: | Mnfr nitrogenous fertilizers |
| Acquirer SIC Code: | 2873 - Nitrogenous fertilizers |
| Target Name: | Terra Industries Inc |
| Target Business Description: | Mnfr nitrogenous fertilizers |
| Target SIC Code: | 2873 - Nitrogenous fertilizers |
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