:

Soon to come – for more information call Frank Howell at (662) 686-3366


DELTA AMBASSADOR: Seymour Johnson of Indianola has been representing the Delta’s agriculture interests for many years. In this prominent role, Johnson’s leadership has been a great value to Mississippi.
Delta native’s influence reaches far beyond Mississippi’s borders
Seymour Johnson is Washington, D.C.’s point man on agricultural issues

by DOREEN MUZZI
DBJ Contributing Writer

Seymour Johnson could never be accused of resting on his laurels. In fact, quite the opposite is true. This Delta leader has visited more countries than most people can locate on a map, and there’s hardly a financial or agricultural committee he hasn’t chaired.

After entering farming in 1952, Johnson ran his family’s row-crop operation for 50 years. Despite stepping back from farming in recent years, he continues to produce catfish and hasn’t yet planned his exit from that industry.

FULL STORY
Terra Industries Inc. to acquire Mississippi Chemical Corporation for approximately $268 million
Transaction expands Terra’s position as a leading provider of nitrogen products


SPECIAL TO THE DBJ

Terra Industries Inc. (NYSE: TRA) and Mississippi Chemical Corporation (OTC BB: MSPIQ.OB) have announced that the two companies have reached a definitive agreement under which Terra will acquire all of the outstanding shares of Mississippi Chemical for an estimated total value of approximately $268 million. The transaction consideration will include cash and assumed debt of $161 million and stock of $107 million, and the final value will depend on Terra’s share price and closing adjustments.

Both companies’ Boards of Directors have unanimously approved the transaction. The Official Committee of Unsecured Creditors in Mississippi Chemical’s bankruptcy case, Mississippi Chemical’s largest unsecured creditors and its debtor-in-possession secured lenders also support the transaction.

FULL STORY

Also in this issue:
• Columns & Opinions
• Selected Articles
• Focus Section

Governor praises
rural potentials
BY JOE MEEK
DBJ Managing Editor

At the recent Agriculture and Rural Renewal Conference held in Jackson on August 19th, Governor Haley Barbour took a few minutes to share his perspectives with the DBJ. The conference itself featured several speakers who emphasized the economic importance of agriculture and forestry and industries related to these enterprises to the Mississippi economy. In his remarks to the press, he restated his support for efforts to improve this part of our state’s economy.

FULL STORY

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Delta Business Journal
P.O. Box 117 • 125 South Court Street • Cleveland, MS 38732
Tel: (662) 843-2700• Fax: (662) 843-0505
© 2004, Coopwood Publishing Group, Inc.
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