Potash (POT) and Agrium get final clearance for their merger deal which is expected to close effective Jan 1, 2018. The combined company, to be known as Nutrien, will commence trading on Jan 2.
Agrium's (AGU) latest deal is subjected to customary closing conditions and is expected to be completed in the first quarter of 2018.
Agrium (AGU) is benefiting from strategic retail acquisitions and cost management actions amid pricing headwind.
Potash Corp (POT) is likely to benefit from improving potash markets and Agrium merger. However, challenging agriculture market fundamentals and weak pricing may weigh on the stock.
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Agrium's (AGU) move to divest its facilities in Conda and North Bend will help pave the way for its planned merger with Potash Corp.
China's Ministry of Commerce (MOFCOM) has conditionally approved the proposed merger of Potash Corp. (POT) and Agrium.
Potash Corp.'s (POT) adjusted earnings came in at 9 cents per share for the third quarter that missed the Zacks Consensus Estimate of 12 cents.
Potash Corp. (POT) and Agrium have been granted unconditional regulatory approval from the Canadian Competition Bureau for their proposed merger of equals.