TITLE

Co-ops to sell off fertilizer firm

AUTHOR(S)
Tita, Bob
PUB. DATE
June 2005
SOURCE
Crain's Chicago Business;6/13/2005, Vol. 28 Issue 24, p4
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article comments on CF Industries Holdings Inc.'s plan to go public. A mutually beneficial relationship between fertilizer maker CF Industries Holdings Inc. and the co-ops that own it--and, until recently, have been its primary customers--is coming apart. The players plan to part company via a $700-million initial public offering (IPO)--potentially one of the biggest IPOs in 2005. Long Grove-based CF has not disclosed how many shares will be issued and has not set a price. There is also no target date. But in the firm's registration statement, the owners say they plan to whittle their stake in CF to 25% through the IPO.
ACCESSION #
17414633

 

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