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Stock Market & Financial Investment News

News Breaks
January 16, 2014
07:31 EDTYARIYYara to pay $48M fine in bribery case, WSJ reports
Yara International, Norway's partly state-owned chemical company, will pay about a $48M fine after it admitted to paying bribes in Libya, India and Russia, reports the Wall Street Journal.Reference Link
News For YARIY From The Last 14 Days
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October 17, 2014
10:00 EDTYARIYOn The Fly: Analyst Downgrade Summary
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05:23 EDTYARIYYara downgraded to Sell from Neutral at UBS
05:10 EDTYARIYYara announces termination of merger discussions with CF Industries
Yara International ASA (YARIY) and CF Industries (CF) have terminated their discussions regarding a potential merger of equals transaction. Torgeir Kvidal, president and CEO of Yara International ASA stated, "This has been a constructive process, with solid work by both parties. We were able to identify significant structural and operational synergies, but in the end it became clear that we would not be able to agree on terms that would be acceptable to all stakeholders."
October 16, 2014
17:55 EDTYARIYCF Industries announces termination of merger talks with Yara International
CF Industries (CF) announced that the company and Yara International (YARIY) have terminated their discussions regarding a potential merger of equals transaction. “I want to thank the management team and Board of Directors of Yara International for their cooperation and professionalism throughout our discussions,” stated Tony Will, president and CEO, CF Industries. “Although we identified very significant operational and structural synergies, we were ultimately unable to agree on terms of a transaction that met the requirements of all our respective shareholders.” Will continued, “CF Industries has a strong stand-alone business plan and we are confident in the material increase in our cash flow generation as our capacity expansion projects come on-stream as scheduled. We remain fully committed to driving shareholder value creation by investing in high return projects while returning excess cash to stockholders through dividends and a substantial share repurchase program.”

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