Latest News
Canadian Fertiliser Makers Agrium, PotashCorp Close Merger
Tuesday 02 January 2018

2 January 2018 - Canadian fertiliser companies Agrium Inc. (TSX: AGU) (NYSE: AGU) and Potash Corp. of Saskatchewan Inc. (PotashCorp) (TSX: POT) (NYSE: POT) have closed their merger of equals transaction, the companies said.

Upon closing the merger transaction, the new company will be named Nutrien. As the largest global provider of crop inputs and services, Nutrien will play a critical role in "Feeding the Future" by helping growers to increase food production in a sustainable manner.

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

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.
Details
Date Published: 02/01/2018
Target: Potash Corp. of Saskatchewan
Country: Canada
Deal Size: 36bn (USD)
Sector: Agriculture/Forestry
Type: Merger
Financing: Stock
Status: Closed
Vendor:
Buyer: Agrium Inc
Buyer Advisor: Barclays Capital , CIBC Capital Markets , Blake, Cassels and Graydon LLP , Norton Rose Fulbright Canada LLP , Paul, Weiss, Rifkind, Wharton and Garrison LLP , Latham and Watkins LLP
Comment:


Options