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Agrium Inc (AGU.TO)

AGU.TO on Toronto Stock Exchange

144.13CAD
9 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Agrium expects overwhelming investor support for Potash merger
Thursday, 3 Nov 2016 11:17am EDT 

Agrium Inc CEO Chuck Magro, speaking on a conference call said: All indications are that a proposed merger with Potash Corp of Saskatchewan will be overwhelmingly supported by shareholders Further company coverage: [POT.TO] [AGU.TO] (Reporting By Rod Nickel) ((rod.nickel@thomsonreuters.com;)).  Full Article

Agrium Q3 adjusted loss per share $0.12
Thursday, 3 Nov 2016 07:00am EDT 

Agrium Inc : Agrium inc - q3 wholesale sales were $518 million versus $673 million . Agrium inc - qtrly loss per share $0.29 . Agrium inc says reiterating 2016 range for retail crop nutrient sales tonnes at between 9.8 million to 10.2 million tonnes . Qtrly nitrogen sales volumes were lower than same period last year . Q3 sales $2,245 million versus $2,524 million last year . Agrium inc says lowering retail ebitda range between $1.07-billion and $1.11-billion for 2016 . Q3 retail sales of $1,857 million versus $2,011 million last year . Qtrly international potash sales volumes were 26 percent higher than q3 of last year . Agrium inc says total crop nutrient sales were 14 percent lower this quarter compared to same period last year . Expect agrium's capital expenditures for remainder of 2016 to approximate $200-million to $250-million . Agrium inc says potash gross profit in q3 declined 98 percent compared to same period last year due to downward pressure on potash benchmark prices . Lower end of 2016 nitrogen production guidance was increased to 3.6 million tonnes . Fy2016 earnings per share view $5.11, revenue view $13.87 billion -- Thomson Reuters I/B/E/S . Agrium -u.s. Harvest is progressing at a near-average pace signifying a wider fall application season versus previous three years if weather cooperates.  Full Article

Potash Corp of Saskatchewan to ramp up Rocanville mine by mid-year
Thursday, 27 Oct 2016 01:53pm EDT 

Potash Corporation Of Saskatchewan Inc Chief Executive Jochen Tilk, speaking on a conference call: Potash expects to reach full capacity at Rocanville mine in first-half 2017 . Potash Corp will adjust operations of other potash mines as Rocanville mine expansion ramps up Further company coverage: [POT.TO] (Reporting By Rod Nickel) ((rod.nickel@thomsonreuters.com;)).  Full Article

Potash Corp, Agrium merger could accelerate retail expansion
Tuesday, 20 Sep 2016 09:52am EDT 

Potash Corp, Agrium CEOs, speaking at Scotiabank investor conference in Toronto: Merger with Potash Corp of Saskatchewan will allow acceleration of farm retail expansion - Agrium CEO . CEOs say they made no specific commitments to Saskatchewan government about merger Further company coverage: [POT.TO] [AGU.TO] (Reporting By Rod Nickel) ((rod.nickel@thomsonreuters.com;)).  Full Article

Moody's places Potash Corp under review for downgrade following merger announcement
Tuesday, 13 Sep 2016 01:01pm EDT 

: Moody's places Potash Corp under review for downgrade following merger announcement .Moody's on Potash Corp - "Management has not laid out their near-term financial priorities for cash".  Full Article

Moody's places Agrium under review for upgrade following merger announcement with Potash
Tuesday, 13 Sep 2016 01:01pm EDT 

Nikkei: Moody's places Agrium under review for upgrade following merger announcement with Potash Corp .Moody's on Agrium - "review for upgrade reflects the fundamental benefits of the combined entity with a larger balance sheet".  Full Article

Potash Corp says either party to pay $485 mln fee to other party if merger terminated
Monday, 12 Sep 2016 09:44am EDT 

Potash Corporation of Saskatchewan Inc : Says either party may be obligated to pay a $485 million termination fee to the other party, in case of termination of merger .If arrangement is not completed because of material breach by a party, breaching party will be obligated to pay nonbreaching party $50 million.  Full Article

Agrium says new co will have low-cost capacity of about 22 mln tonnes
Monday, 12 Sep 2016 09:44am EDT 

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 . In terms of potash, highly confident that there will be absolutely no problem - conf call . Have every bit of confidence we can see this transaction go through as is without divestitures . Independent of market conditions will be able to achieve 20 percent improvement in market caps by execution Further company coverage: [AGU.TO] [POT.TO] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Agrium and PotashCorp to combine in merger of equals
Monday, 12 Sep 2016 06:00am EDT 

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 . On a 2015 pro forma basis, new company would have had net revenue of approximately us$20.6 billion and EBITDA of us$4.7 billion before synergies . New company's board of directors will have equal representation . Morgan Stanley & Co LLC is serving as joint financial advisor to Agrium and PotashCorp . Agrium inc says combination of both companies expected to generate up to US$500 million of annual operating synergies.  Full Article

Agrium's crop production services announces two retail acquisitions
Tuesday, 6 Sep 2016 10:45am EDT 

Agrium Inc : Agrium's crop production services announces two retail acquisitions, to add 34 locations in the u.s. And canada . Received regulatory approval for its retail business to acquire 16 locations in western canada from andrukow group solutions inc .Additionally, cps recently completed acquisition of 18 locations from cargill aghorizons (u.s.) across northern u.s. Corn-Belt region.  Full Article

BRIEF-Agrium, Potashcorp provide update on approvals for proposed merger

* Agrium and Potashcorp provide update on approvals for proposed merger of equals