Shares for Nutrien — the new company formed by the merger of Agrium Inc. and Potash Corporation of Saskatchewan Inc. — started trading in Toronto and New York this morning. After receiving final clearance from the United States’ Federal Trade Commission on December 27th, the deal to create the world’s largest crop nutrient provider, which also owns… Read More
Tag: Agrium
The merger of Agrium and Potash Corporation of Saskatchewan to form a new company called Nutrien took another step toward completion this week. China’s Ministry of Commerce gave a green light to the deal, with some conditions attached. The Chinese regulator says PotashCorp’s minority stake in Arab Potash Company and Sociedad Quimica y Minera de… Read More
The Canadian Competition Bureau has issued a no-action letter saying it will not challenge the proposed merger between Potash Corporation of Saskatchewan and Agrium Inc. In a statement, the federal regulator said it concluded the Canadian fertilizer manufacturers’ plan to create a new company called Nutrien “would not lead to a substantial lessening or prevention… Read More
The company formed from the proposed merger of PotashCorp and Agrium will be known as Nutrien, the companies announced on Wednesday. Both sides say they expect the deal to close in the third quarter of 2017. The new Canadian fertilizer company would have close to 20,000 employees and operations in 18 countries. Its head office… Read More
Canadian fertilizer giants Agrium and Potash Corporation of Saskatchewan say they’ve reached a deal to merge their businesses to form the largest fertilizer company in the world. The new company, which would be named before the transaction is finalized, would be worth around US$36 billion, with close to 20,000 employees and operations in 18 countries,… Read More
Agrium’s Crop Production Services has reached a deal with the Competition Bureau to sell four retail outlets in Alberta to address concerns about reduced fertilizer competition resulting from its proposed purchase of Andrukow Group Solutions. CPS announced an agreement-in-principle back in April to purchase Andrukow Group and all of its assets, which includes 17 crop… Read More
Russia’s Uralkali has put the market through the ringer this morning. In a story that has many caught off guard, Russia’s Uralkali has decided to break up its partnership in Belarus Potash Company. This has greatly impacted the ability for the potash cartel to operate effectively. As reported on CNBC.com this morning, The break-up of the Belarus… Read More
This week Agrium shareholders elected its slate of directors hopefully putting to rest a brutal distracting 10 month proxy battle with corporation predator JANA Partners LLC. This has been a long slug fest that quickly got personal as JANA became more and more aggressive in its quest to break up Agrium to attempt to maximize… Read More
Amidst pressure from investors to split its business, Agrium has appointed two big names to its board of directors — David Everitt and Mayo Schmidt. While Everitt, recently retired from Deere & Co., may not be a household name in Western Canada, Mayo Schmidt most certainly is. Schmidt was most recently president and CEO of… Read More
JANA Partners LLC, an investment group holding just over 6% of Agrium’s shares, is rallying Agrium’s other stockholders in an effort to put serious pressure on the company to change the way it operates. In an interesting turn, Jana has devoted an entire website to its cause — see it here — and has gone… Read More
For whatever reason, there are a few agronomy topics that never seem to fully get sorted out — seeding by thousand kernel weight, the right time to spray for wheat midge and what the difference between ESN and Agrotain is, for example. Let’s tackle the last on the list. Here’s a quick reminder of what… Read More
With the sale of Viterra, Agrium has purchased the ag-retail locations that are not attached to grain terminals. We have had several emails this week from farmers requesting the opportunity to vote on the impact of Agrium (CPS) having a very dominant ag-retail presence in Western Canada. With this 1.6 billion dollar purchase, Agrium will… Read More