Actionable news
All posts from Actionable news
Actionable news in CF: CF INDUSTRIES HOLDING Inc,

Why CF Industries (CF) Stock Closed Higher Today

NEW YORK (TheStreet) -- Shares of CF Industries (CF) gained by 4.41% to $29.85 on heavy trading volume Monday, after the fertilizer distributor and Dutch rival OCI decided to drop their planned $8 billion merger due to the new U.S. tax regulations on so-called inversion deals.

Under such an agreement, a U.S.-based company merges with a foreign company and moves its headquarters abroad to receive a lower tax rate. Last month, the U.S. Treasury announced new rules to curb corporate tax inversions, which has led companies such as Pfizer (PFE)...