Agrium merges with Potash Corp.

Canadian fertilizer giants Agrium Inc. and Potash Corp. announced they would merge to create one of the largest crop nutrient companies in the world with $20.6 billion in annual revenue.

Agrium owns the two huge ammonia tanks along Hwy. 71 near Early.

Potash shareholders will receive 0.4 common share of the new company for each common share they own. Agrium shareholders will receive 2.23 common shares of for each common share of Agrium they own. Potash shareholders will own about 52% of the new company and Agrium shareholders will own about 48%.

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