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PotashCorp and Agrium Receive Final Approval for Merger
Dec. 27, 2017 09:57AM PST
Phosphate InvestingPotashCorp Inc. (TSX:POT,NYSE:POT) and Agrium Inc. (TSX:AGU,NYSE:AGU) announced that they have received clearance from the US Federal Trade Commission, and now have all regulatory approvals required to close their proposed merger of equals.
PotashCorp Inc. (TSX:POT,NYSE:POT) and Agrium Inc. (TSX:AGU,NYSE:AGU) announced that they have received clearance from the US Federal Trade Commission, and now have all regulatory approvals required to close their proposed merger of equals.
As quoted in the press release:
The transaction is expected to close effective January 1, 2018 and remains subject to customary closing conditions.
Chuck Magro, president and CEO of Agrium, commented:
This final clearance marks a significant milestone in bringing two industry leaders together. Given our extensive integration planning work, we expect to move quickly upon closing to begin delivering on the many strategic benefits and synergy potential of this combination.
Jochen Tilk, president and CEO of PotashCorp, said:
We are pleased to have received final regulatory clearance and look forward to the formation of Nutrien. Nutrien will build upon the impressive legacies and best practices of both companies to create long-term value for all our stakeholders.
Click here to read the full PotashCorp Inc. (TSX:POT,NYSE:POT) and Agrium Inc. (TSX:AGU,NYSE:AGU) press release.