Potash Corp. of Saskatchewan and Agrium, has agreed to an all-share merger to create the world’s largest crop-nutrient supplier with a market value of about $27 billion.
The deal will give Potash Corp. shareholders 52 percent of the new producer, which has yet to be named, while Agrium investors will hold the rest, the companies said Monday in a joint statement. Agrium Chief Executive Officer Chuck Magro will be CEO of the combined group while Potash Corp. leader Jochen Tilk will become executive chairman. The new company will be based in Saskatoon, Saskatchewan, the current location of Potash Corp.’s headquarters.
For the full story, on Bloomberg.com, click here.
The deal will give Potash Corp. shareholders 52 percent of the new producer, which has yet to be named, while Agrium investors will hold the rest, the companies said Monday in a joint statement. Agrium Chief Executive Officer Chuck Magro will be CEO of the combined group while Potash Corp. leader Jochen Tilk will become executive chairman. The new company will be based in Saskatoon, Saskatchewan, the current location of Potash Corp.’s headquarters.
For the full story, on Bloomberg.com, click here.
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