24 October 1994 00:00 [Source: ICB]
Terra Industries, the US producer of fertiliser, crop protection products and services for agriculture, has filed a registration statement with the Securities Exchange Commission (SEC) for the issue of 9m shares of common stock, plus an over-allotment option covering 13.5m shares. If finalised, the offering will replace the previously announced option to privately place 13.3m common shares with Terra's 53% shareholder Minorco. Proceeds for the offering will be used as part of the $400m purchase price for the acquisition of Agricultural Minerals and Chemicals (ECN 15 August).
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