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Law Office Investigating Terra Industries

February 18, 2010
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Business Wire reports that the law office of Brodsky & Smith, LLC is investigating potential claims against the Board of Directors of Terra Industries, Inc. relating to the proposed acquisition by Yara International ASA. Under the terms of the agreement, Terra shareholders will receive $41.10 for each share of Terra stock they own. The transaction has a total equity value of approximately $4.1 billion. The investigation concerns possible breaches of fiduciary duty and other violations of state law related to the Terra board’s approval of the proposed merger.

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