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Author: mFluke One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 39  
Subject: Terra Industries & TNH Date: 12/17/1997 7:16 PM
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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.
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