BRIEF-Agrium says new co will have low-cost capacity of about 22 mln tonnes

Mon Sep 12, 2016 9:53am EDT
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Sept 12 (Reuters) - Agrium Inc, Potash Corp :

* Based on the Aug 29, market caps of both Potash and Agrium, combined co will have $26 billion market cap - conf call

* New co will have combined low-cost capacity of about 22 million tonnes - conf call

* Combined co will have a diverse phosphate product portfolio, and will be largest input and retailer in world, with more than 1400 locations

* Majority of $500 million of annual operating savings from deal are unrelated to headcount

* The $500 million of annual synergies will take about two years to get, driven by having the combination of 2 companies

* After deal close will almost be singularly focused on integration, delivering synergies that don't require international effort or exposure or investment

* After deal close will stay focused in our backyard in North America

* "We don't expect any concerns when it comes to shared wallet with the farmer" - conf call   Continued...