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school135perm Homepage > Equities > Toronto Stock Exchange > Agrium Inc AGU CA0089161081

AGRIUM INC (AGU)
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Potash Corp, Agrium win final approval to merge, forming Nutrien

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12/27/2017 | 09:47pm CET

Potash Corp of Saskatchewan Inc (>> Potash Corporation of Saskatchewan Inc) and Agrium Inc (>> Agrium Inc.) have received final regulatory clearance to merge, forming a new company to be known as Nutrien, the two firms said on Wednesday.

Potash Corp of Saskatchewan Inc (>> Potash Corporation of Saskatchewan Inc) and Agrium Inc (>> Agrium Inc.) have received final regulatory clearance to merge, forming a new company to be known as Nutrien, the two firms said on Wednesday.

The two Canadian fertilizer and chemical companies agreed to divest two of Agrium's U.S. production facilities to ensure merger approval from the U.S. Federal Trade Commission.

PotashCorp and Agrium agreed in a settlement with the FTC to divest one facility to Itafos (>> Frontier Smart Technologies Group Ltd) and another to Trammo Inc, the FTC said.

The merger of two Canadian companies required U.S. regulatory approval because Nutrien will control the majority of North America's potash capacity as well as a large farm retail business.

The deal is now expected to close on Jan. 1, 2018, and Nutrien will start trading on Jan. 2 on the Toronto Stock Exchange and New York Stock Exchange under the ticker symbol NTR.

"This final clearance marks a significant milestone in bringing two industry leaders together," said Chuck Magro, president and chief executive of Agrium.

Magro will lead Nutrien as CEO and has said the company plans to expand its U.S. farm supply network and return cash to shareholders.

(Reporting by Tim Ahmann and Nia Williams in Calgary; Editing by Tom Brown)

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Agrium Inc Technical Analysis Chart | AGU | CA0089161081 | school135perm
Income Statement Evolution
Consensus
Mean consensus
Number of Analysts
Average target price -
Spread / Average Target
EPS Revisions
Managers
NameTitle
Charles V. Magro President, CEO & Non-Independent Director
Derek George Pannell Chairman
Steven James Douglas Chief Financial Officer & Senior Vice President
Russell K. Girling Independent Non-Executive Director
Russell J. Horner Independent Non-Executive Director
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