Tribune staff report | CF Industries Holdings Inc. said it has
successfully completed its initial exchange offer for all of the
outstanding shares of Terra Industries Inc. common stock.

As
of midnight, the expiration time, 85,757,343 shares of Terra common
stock were validly tendered and not withdrawn, representing
approximately 85.6 percent, of the outstanding shares of Terra common
stock.  With CF Industries’ 85.6 percent ownership of Terra, today
effectively marks
the first day that CF Industries and Terra are a combined company, CF
Industries said.