Hints and tips:
...A $5bn stake in the company is being sold by Canadian fertiliser giant Nutrien, as part of the condition of the merger last year between PotashCorp and Agrium that created the company....
...Potash is selling its stake in Sociedad Química y Minera de Chile, or SQM, to meet regulatory conditions governing the Canadian company’s merger with Agrium, the Calgary-based fertiliser group....
...Louis Dreyfus Company, a leading international agricultural trader, has agreed to sell its Australian fertiliser business to Canada’s Agrium for an undisclosed amount, in a move that would further refocus...
...Under the all-share deal, PotashCorp shareholders would receive 0.4 shares of the new company, Nutrien, while Agrium investors will get 2.230 shares for each Agrium stock....
...PotashCorp and Agrium have wrapped up talks over combining into a $30bn fertiliser giant, a year after PotashCorp failed in its efforts to buy Germany’s K+S....
...Agrium’s will have to wait to reap the rewards from an increase in potash prices. If there is no rebound, Agrium shareholders might wonder if they have harvested too early....
...Shares in Potash shares were up more than 13 per cent, while Agrium’s stock was up 7 per cent, after Bloomberg first reported about the talks....
...Under the all-share deal, which is expected to close in mid-2017, PotashCorp shareholders will receive 0.4 shares of the new company, while Agrium investors will get 2.230 shares for each Agrium stock....
...Agrium’s stock also instead rose 7 per cent, giving the group an equity value of around $13bn....
...Cargill has agreed to sell its farm retail business to Agrium, the Calgary based fertiliser group, as the US agricultural trader continues to realign its portfolio....
...Meanwhile PotashCorp, the world’s largest potash supplier, is in merger talks with rival Agrium over creating a near-$30bn fertiliser giant....
...Mosaic, a fertiliser producer, dropped 1.3 per cent to $30.07 as investors gave back some gains from the prior day’s news that Canadian rivals PotashCorp of Saskatchewan and Agrium were exploring a merger...
...Macquarie points to Chinese customs data which show that Uralkali has gained share this year at the expense of ICL and Canpotex, the legal North American export cartel comprising of PotashCorp, Mosaic and Agrium...
...The sharp fall in natural gas prices had prompted new players into the nitrogen market, threatening margins at leading nitrogen fertiliser players such as CF, Koch Industries, PotashCorp and Agrium “The...
...Chemical and DuPont announced a $130bn merger late last year, ChemChina is planning to acquire Switzerland’s Syngenta for $44bn and PotashCorp, the largest potash supplier, is in merger talks with rival Agrium...
...potash market enjoyed relative stability owing to the power of two production cartels — Belarus Potash Corporation representing Uralkali and Belaruskali and Canpotex, comprised of PotashCorp, Mosaic and Agrium...
...It is unclear whether he will remain on the board of Agrium, the Canadian fertiliser group....
...BPC, alongside Canpotex, the North American grouping of PotashCorp, Mosaic and Agrium, dominates the world market for the commodity....
...When Jana nominated directors to the board of fertiliser company Agrium earlier this year, it proposed paying them bonuses based on the company’s performance over the coming years....
...Both Mosaic and Agrium, part of the Canpotex cartel, have lowered their potash shipment forecasts for 2013....
...“This vote shows the overwhelming support for Agrium and its integrated strategy,” said Mike Wilson, Agrium president and chief executive. The votes came after a bitter fight for investor support....
...The two cartels – BPC and North America’s Canpotex, which includes PotashCorp of Saskatchewan, Agrium and Mosaic – have maintained prices well above marginal production costs by refraining from flooding...
...Agrium says: “It is important not to overreact to a single statement from one player in the industry, and we plan to continue with normal course of operations.”...
...Agrium hired Morgan Stanley to look at the idea over the summer, while Jana compared notes on Agrium’s valuation with private equity firms, said people familiar with the discussions....
...One reason is the forthcoming supply contract between China and Canpotex, the North American legal export cartel comprising PotashCorp, Mosaic and Agrium, expected at the end of this year or early 2014....
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