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Fertiliser maker CF Industries Holdings Inc on Friday agreed to buy rival Terra Industries Inc for more than $4.6 billion in cash and stock after Norwegian rival Yara International ASA decided not to raise its offer for Terra. The deal ends a wild, lengthy battle for dominance of the North American fertiliser industry that included competing hostile bids and fights for board seats, as the stocks of all the companies involved surged.

Copyright Reuters, 2010

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