Message Font: Serif | Sans-Serif
No. of Recommendations: 0
I was right about Terra Industries. Something was going on: TNH was up over 2 points on the news, with perhaps more to go.

Terra Industries To Resume Buying Terra Nitrogen Common Units

SIOUX CITY, Iowa (Dow Jones)--Terra Industries Inc. (TRA) said it will resume buying
common units of Terra Nitrogen Co. LP (TNH) under an agreement that allows it to buy up to 4
million of the 6.5 million common units held by the public.

In a press release Wednesday, Terra Industries, a fertilizer company, said it has the right to buy
all of Terra Nitrogen's units based on market value when its ownership interest reaches a certain
level, but that is not the company's plan now.

Terra Nitrogen units were trading at 6, up 3/8, on volume of 7,000 units.

Terra Industries owns 65% of the 18.5 million oustanding units of Terra Nitrogen, which
produces nitrogen fertilizer.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.