The case is set in 2010, a couple of weeks after Agrium, a sizable fertilizer manufacturer and distributor, put an end to its effort to acquire CF Industries Holdings, another fertilizer company.
The effort itself was initiated in 2009, and the conclusive offer made by Agrium was dated in November 2009.The head of Agrium's M&A mission needs to review the hopeless offer order that is in to ascertain whether a mistake was made in terms of either the valuation or bargain construction, or whether the goal was merely unreasonably demanding.
Company and industry history is given, along with a brief summary of introductory offer and following revisions. In addition to equity valuation and comparative financial analysis, this case offers the chance to discuss and evaluate acquisition premia, synergy effects and types of payment.
PUBLICATION DATE: June 19, 2013 PRODUCT #: HEC057-HCB-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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