BRIEF-Agrium and PotashCorp to combine in merger of equals

Mon Sep 12, 2016 6:22am EDT
 
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Sept 12 (Reuters) - Agrium Inc

* Agrium and PotashCorp to combine in merger of equals to create a world-Class integrated global supplier of crop inputs

* New company to be named prior to transaction's closing

* Registered head office in Saskatoon, with Canadian corporate offices in both Calgary and Saskatoon

* PotashCorp shareholders will receive 0.400 common shares of new company for each common share of PotashCorp they own

* Agrium shareholders will receive 2.230 common shares of new company for each common share of Agrium they own

* Says Jochen Tilk will serve as executive chairman, and chuck magro will serve as chief executive officer

* Upon closing of transaction, Jochen Tilk will serve as executive chairman, and Chuck Magro will serve as chief executive officer

* PotashCorp shareholders will own about 52 percent of new co, Agrium shareholders will own about 48 percent on fully diluted basis   Continued...