and even higher becuase AGU is $49 pre-market.

NEW YORK (MarketWatch) -- Agrium Inc. /quotes/comstock/13*!lsi/quotes/nls/lsi (LSI 5.09, +0.10, +2.00%) on Thursday raised its hostile takeover offer for rival CF Industries Holdings Inc. /quotes/comstock/13*!cf/quotes/nls/cf (CF 80.00, -6.39, -7.40%) to $92.99 a share, based on the closing price of Agrium stock on Wednesday. Agrium raised the cash portion of the deal to $45 a share, up $5, or 13% from its earlier offer. "This offer provides a premium of over 67% to CF's closing price on Feb. 24, the day before Agrium announced its initial proposal, and about 84% to CF's 30-day volume weighted average price through that date," Agrium said. Shares of CF Industries closed at $86.39 on Wednesday.