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Tag: agrium

PotashCorp Reports Second-Quarter Earnings of $0.24 per Share

Key Highlights

Second-quarter earnings of $0.24 per share,1 including a previously disclosed $0.08 per share income tax provision recovery
Cash provided by operating activities of $328 million
Canpotex sales entitlement increased to approximately 55 percent beginning the second half of 2017, following successful Rocanville capacity audit
Expect merger of equals with Agrium to close late in the third

PotashCorp Reports First-Quarter Earnings of $0.18 per Share

Listed: TSX, NYSE
Symbol: POT

Key Highlights

First-quarter earnings of $0.18 per share
Cash provided by operating activities of $223 million
Rocanville ramp-up well underway; on track to reduce company-wide potash cost of goods sold by approximately $10 per tonne in 2017
Full-year 2017 guidance increased to $0.45-$0.65 per share, including merger-related

Potash Price Recovery?

Potash Price Recovery?

The potash price has struggled in 2016, but with a couple of the industry’s powerhouses merging together, a potash price recovery could be in the cards.

PotashCorp and Agrium Provide Update on Approvals for Proposed Merger of Equals

Agrium  (TSX:AGU) and PotashCorp (TSX:POT) have advised that the Ontario Superior Court of Justice issued a final order approving their merger of equals transaction under the Canada Business Corporations Act.

As quoted in the press release:
As previously announced, shareholders of both companies overwhelmingly voted to approve the proposed merger of equals.

The

PotashCorp Shareholders Approve Merger of Equals with Agrium

PotashCorp (TSX:POT) have announced that its shareholders overwhelmingly voted to approve the proposed merger of equals with Agrium (TSX:AGU) at the special meeting of PotashCorp shareholders.

As quoted in the press release:
More than 99 percent of the shares voted at the meeting were voted in favor of the merger, with approximately

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