Yara, a norwegian company, just bought out US fertilizer company Terra (TRA) for $4.1B. That comes out to 25% above market valuation. Seems like the whole world is scrambling to buy all the fertilizer assets they can while prices are low. I wonder if LGDI will get any offers. Starting a fertilizer mine is costly and takes years if not a decade or start up & preparation, so purchasing a company near production is more profitable. From FOX:

"...The proposed deal was announced alongside fourth-quarter earnings and an upbeat assessment of industry trends.

"We saw a major improvement in fertilizer markets towards the end of the fourth quarter, as global nitrogen and phosphate markets turned demand-driven," Haslestad [analyst] said..."