OCI OCI NV

   By Anne Steele 
 

Fertilizer maker CF Industries Holdings Inc. and Dutch counterpart OCI NV said Monday they remain "fully committed" to a merger and are evaluating options after the U.S. Treasury unveiled new rules meant to curb such tax-saving "inversion" deals.

The Treasury notice, announced Wednesday, prevents a U.S. company from buying a foreign firm and then moving to a third country so long as the U.S. outfit's shareholders will own more than 60% of the combined entity.

That would seem to complicate Deerfield, Ill.-based CF's plans to buy Netherlands-based OCI's European, North American and global distribution businesses, reincorporate in the U.K. and give CF's investors a 74% stake.

The companies said their evaluation includes exploring alternative structures for the combination, such as using a parent company in The Netherlands rather than one in the United Kingdom. They said any agreement regarding a new structure will require the approval of each company's board of directors and shareholders.

CF shares, which dipped Thursday and Friday, were inactive premarket Monday.

Write to Anne Steele at anne.steele@wsj.com.

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(END) Dow Jones Newswires

November 23, 2015 07:07 ET (12:07 GMT)

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