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Norway’s Yara to buy Terra Industries for $4.1B

Norwegian fertilizer company Yara International ASA said Monday it has agreed to acquire U.S. competitor Terra Industries Inc. for $4.1 billion.

Yara said it would pay $41.10 per share of Terra stock, a 23.6 percent premium on Friday’s closing share price.

The Norwegian company said in a statement that the boards of directors of both Yara and Terra approved the acquisition unanimously.

[St. Louis Post Dispatch]