One of the world's largest fertilizers producers, Norway's Yara International, has agreed to buy Terra Industries for $4.1 billion, in a bid to boost its presence in the United States.
The Norwegian government owns 36.2 percent of Yara. Cravath, Swaine & Moore LLP and Wachtell, Lipton, Rosen & Katz are its legal counsel.
Yara's values Terra at $41.1 per share and represents a premium of 23.6%
Norway's national insurance fund Folketrygdfondet, having 6.57% in Yara, has agreed to subscribe its pro rata share of the issue.