BUZZ-Potash Corp, Agrium Inc: Soar on report of merger talks

Tue Aug 30, 2016 10:44am EDT
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** Shares of Potash Corp rise as much as 14.77 pct, while Agrium gain 7.94 pct after Bloomberg reports companies in merger talks

** Shares halted at Toronto and New York

** Potash shares touch C$23.32, highest in two-and-a-half months, while Agrium hit C$125.78

** Combination could be announced as soon as next week, Bloomberg reported, citing people familiar with the matter

** Up to Tuesday's close, Potash had risen about 39 pct YTD, while Agrium had fallen about 14 pct during the same period