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Deerfield-based CF Industries calls off $5.4B merger with Dutch company over inversion rules

Deerfield-based CF Industries calls off $5.4B merger with Dutch company over inversion rules

CF Industries Holdings abandoned its $5.4 billion acquisition of rival nitrogen-fertilizer maker OCI NV of the Netherlands in the latest deal to fall apart in the face of new U.S. guidelines designed to curb so-called tax inversions.

Although both companies explored alternative structures to try and get the deal done, they failed to find an option that would work, Deerfield, Illinois-based CF and OCI said in a joint statement on Monday. CF will pay $150 million to OCI under terms of the initial agreement.

The unraveling of CF's deal is a further sign that the tougher rules on inversions are having an effect, putting off U.S. companies seeking to adopt a foreign address to...

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