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 494 million, or 59 percent, of PotashCorp’s outstanding shares voted at the meeting.

Jochen Tilk, president and CEO, said:

Today’s vote demonstrates the strong support from shareholders for this merger and the opportunity to create a world-class integrated global supplier of crop inputs. Together with Agrium, we will be even better positioned to grow and thrive in a highly-competitive global market with multiple paths for growth.  We expect to generate significant value for shareholders and new opportunities for employees, while also better serving customers with low-cost, high-value products and services.  We look forward to working with Agrium to realize the full value of our combination.

Click here to read the full press release.