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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 companies have …
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 companies have made good progress with respect to making all required regulatory filings and as expected, have received a supplemental information request from the Canadian Competition Bureau and a second request from the U.S. Federal Trade Commission on November 2, 2016. Agrium and PotashCorp are working through the regulatory process as planned and continue to expect the transaction to close mid-2017, subject to the satisfaction of customary closing conditions, including receipt of regulatory approvals.
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