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Agrium and PotashCorp merger complete

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World Fertilizer,

Nutrien Ltd has released a statement claiming that the merger of equals between Agrium Inc. and Potash Corporation of Saskatchewan Inc. has been successfully completed.

The company’s common shares now trade on both the Toronto Stock Exchange and the New York Stock Exchange under the ticker symbol NTR. The merger of equals results in PotashCorp shareholders receiving 0.40 common shares of Nutrien for each common share of PotashCorp they owned. Agrium shareholders, meanwhile, received 2.23 common shares of Nutrien for each common share of Agrium they owned.

The President and CEO of Nutrien, Chuck Magro, said: “Today we are proud to launch Nutrien, a company that will forge a unique position within the agriculture industry.

“Our company will have an unmatched capability to respond to customer and market opportunities, focusing on innovation and growth across our retail and crop nutrient businesses. Importantly, we intend to draw upon the depth of our combined talent and best practices to build a new company that is stronger and better equipped to create value for all our stakeholders.”

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Potash Corp news Agrium news