AMSTERDAM (dpa-AFX) - U.S. fertilizer group CF Industries Holdings Inc. (CF) is in advanced talks for a merger deal with Dutch rival OCI N.V. (OCINY.PK), the Wall Street Journal reported citing person familiar with matter.
The report indicated that CF and OCI are in discussions about a tie-up that could be reached as early as this month. The contours of the deal the companies are discussing and its possible terms are unclear, and a transaction may not materialize.
It's the second time in less than a year that CF has tried to merge with a competitor.
In October 2014, CF Industries and Norwegian peer Yara International ASA (YARIY.PK) have called off their near month long talks on a potential merger of equals transaction as they could not agree on valuation. The deal would have created the world's largest nitrogen fertilizer company.
CF closed Friday trading at $68.92, up $6.18 or 9.85%.
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