PotashCorp, Agrium clear final regulatory hurdle for merger
Canada’s two largest fertilizer companies are about to join forces after clearing a final regulatory hurdle for a merger.
PotashCorp and Agrium Inc say they have received regulatory permission from the U.S. Federal Trade Commission (FTC) to complete a deal that was announced more than 18 months ago.
The new company combining Potash Corporation of Saskatchewan and Agrium will be named Nutrien after the deal effectively closes on Jan. 1, subject to customary conditions.
Nutrien’s shares are expected to begin trading on the Toronto and New York stock exchanges on Jan. 2 under the symbol NTR. Shares of the two independent companies will be suspended at the same time.