Agrium, PotashCorp gets final approval merge; forms Nutrien

Agrium, PotashCorp gets final approval to merge; forms Nutrien

6:17 AM, 28th December 2017
Nutrien logo

SASKATOON/CALGARY, CANADA: Potash Corporation of Saskatchewan Inc (PotashCorp) and Agrium Inc (AGU) said that they have received clearance from the United States' Federal Trade Commission and have now obtained all regulatory approvals required to close their proposed merger of equals transaction.

The transaction is expected to close effective 1 January 2018.

With the closing of the transaction on 1 January 2018, the common shares of Nutrien are expected to commence trading on the Toronto Stock Exchange (TSX) and the New York Stock Exchange under the ticker symbol "NTR" at the opening of market on January 2, 2018.

Trading of Agrium common shares and PotashCorp common shares is expected to be suspended at the opening of market on 2 January 2018, and such shares will be delisted at the close of market on the same date.

"This final clearance marks a significant milestone in bringing two industry leaders together. Given our extensive integration planning work, we expect to move quickly upon closing to begin delivering on the many strategic benefits and synergy potential of this combination," said Chuck Magro, president and CEO of Agrium.

"We are pleased to have received final regulatory clearance and look forward to the formation of Nutrien. Nutrien will build upon the impressive legacies and best practices of both companies to create long-term value for all our stakeholders," added Jochen Tilk, president and CEO of PotashCorp.

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