Wednesday 21 June 2017

21 June 2017 - Merging Canadian fertiliser companies Agrium Inc. (TSX: AGU) (NYSE: AGU) and Potash Corp. of Saskatchewan Inc. (PotashCorp) (TSX: POT) (NYSE: POT) will be named Nutrien upon closure of their merger, the companies said.

Last September, Agrium and Potash Corp. of Saskatchewan agreed to the deal.

The regulatory review and approval process for the merger transaction continues and the parties expect closure of the transaction to take place in 3Q17.

The new company will have close to 20,000 employees and operations and investments in 18 countries, along with a pro forma enterprise value of USD 36bn.

Agrium produces and distributes agricultural products, services and solutions.

PotashCorp produces the three essential nutrients required to help farmers grow healthier, more abundant crops.

Barclays Capital Inc. and CIBC Capital Markets are serving as financial advisors, and Blake, Cassels and Graydon LLP, Norton Rose Fulbright Canada LLP, Paul, Weiss, Rifkind, Wharton and Garrison LLP, and Latham and Watkins LLP are serving as legal advisors to Agrium.

BofA Merrill Lynch and RBC Capital Markets are serving as financial advisors, and Stikeman Elliott LLP and Jones Day are serving as legal advisors to PotashCorp.

Morgan Stanley and Co. LLC is serving as joint financial advisor to Agrium and PotashCorp.