Agrium shareholders will receive 2.23 shares in the new company for each Agrium share they own
CALGARY — Potash Corp. (TSE:POT) of Saskatchewan and Agrium (TSE:AGU) have agreed to merge in a deal that would create a global agricultural giant worth an estimated US$36 billion.
The deal brings together Saskatoon-based PotashCorp’s huge fertilizer mining operations — the world’s largest by capacity — with Calgary-based Agrium’s extensive global direct-to-farmer retail network.
Under the agreement, PotashCorp shareholders will receive 0.4 of a share of the new company for each common share of PotashCorp they own, while Agrium shareholders will receive 2.23 shares for each Agrium share they own.
Read the full article at: business.financialpost.com
