Monday, July 29, 2013

Reuters: Global Markets: CF Industries shares spike 10 percent after Third Point buys stake

Reuters: Global Markets
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CF Industries shares spike 10 percent after Third Point buys stake
Jul 29th 2013, 19:40

Mon Jul 29, 2013 3:40pm EDT

(Reuters) - Shares of CF Industries Holdings Inc (CF.N) spiked on Monday afternoon after activist hedge fund Third Point LLC said it had acquired a stake.

CF, the world's second-largest maker of nitrogen fertilizer, should be paying a bigger dividend to shareholders, Third Point said in its quarterly newsletter.

CF shares were up 10.5 percent or $18.98 to $199.98 in New York.

(Reporting by Rod Nickel in Winnipeg, Manitoba and Katya Wachtel in New York; Editing by Gary Hill)

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