CF Industries: Termination Of Hart-Scott Act For Phosphate Business Sale

(RTTNews) - CF Industries Holdings Inc. (CF) Thursday announced the termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act relating to the $1.4 billion sale of its phosphate business to the Mosaic Co. (MOS).

The closing of the deal is subject to additional conditions, including approvals under applicable foreign antitrust laws, receipt of other governmental and third party consents.

CF Industries and the Mosaic said in October that they had entered into a set of agreements including the proposed deal, a long-term agreement under which the company will supply Mosaic with ammonia from its Donaldsonville, Louisiana nitrogen complex, and an agreement to provide ammonia to Mosaic from the company's Point Lisas Nitrogen Ltd. joint venture beginning at the close of the phosphate sale.

CF Industries is engaged in the manufacture of nitrogen and phosphate fertilizer.