Key Developments: Agrium Inc (AGU)

AGU on New York Consolidated

108.62USD
22 May 2015
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Latest Key Developments (Source: Significant Developments)

Agrium Inc lowers high end of prior FY 2015 EPS guidance to a range in line with analysts' estimates; gives H1 2015 EPS guidance
Tuesday, 5 May 2015 07:41pm EDT 

Agrium Inc:Expects to achieve annual diluted earnings per share (EPS) of $7.00 to $8.25 in FY 2015 compared to its previous estimate of $7.00 to $8.50 per share.Issues earnings guidance of $4.75 to $5.25 diluted earnings per share for H1 2015 indicative of a strong spring season despite earlier weather related delays.FY 2015 EPS of $7.68 - Thomson Reuters I/B/E/S.  Full Article

Agrium Inc announces dividend increase of 12 percent
Tuesday, 5 May 2015 07:41pm EDT 

Agrium Inc:Approved an increase to its dividend by 12 percent, or $0.38 per common share to total dividend of $3.50 per common share on an annualized basis.Increased dividend is expected to be paid in quarterly installments of $0.875 and next $0.875 per common share dividend has been declared by board and will be paid on July 16, to shareholders of record on June 30.  Full Article

Agrium to Divest West Sacramento Site
Thursday, 23 Apr 2015 11:29am EDT 

Agrium Inc:Says it intends to divest the West Sacramento product upgrade facility and site in 2015.The site has access to tidewater and imports the raw materials to produce UAN solutions for the California market.The decision to divest the site was made as part of Agrium's portfolio review and any impact on financials are expected to be negligible.  Full Article

Agrium Inc. prices offering of an aggregate $1 bln 10-year and 20-year debentures
Wednesday, 25 Feb 2015 07:00pm EST 

Agrium Inc:Agreed to issue and sell $550-million aggregate principal amount of 3.375 pct. debentures due March 15, 2025, issued at a price of 99.855 pct. of the aggregate principal amount.And $450-million aggregate principal amount of 4.125 percent debentures due March 15, 2035, issued at a price of 99.110 percent of the aggregate principal amount.The offering is expected to close on or about March 2, 2015.The debentures, registered under the multi-jurisdictional disclosure system in Canada and the United States, will only be offered and sold in the United States.Agrium intends to use the net proceeds from this offering to reduce short term debt.The debentures will be unsecured and rank equally with Agrium's existing senior unsecured debt.The joint book-running managers for the offering are Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBC Capital Markets, LLC and CIBC World Markets Corp.  Full Article

Agrium Inc approves dividend of $0.78 per common share
Tuesday, 24 Feb 2015 11:52am EST 

Agrium Inc:Approved dividend of $0.78 U.S. per common share to be paid on April 16 to shareholders of record on March 31.  Full Article

Agrium Inc gives FY 2015 EPS guidance
Monday, 23 Feb 2015 07:01pm EST 

Agrium Inc:Gives FY 2015 annual guidance of $7.00 to $8.50 earnings per share.  Full Article

Agrium Inc to sell facilities to Trammo Inc's subsidiary
Tuesday, 6 Jan 2015 07:30am EST 

Agrium Inc:Entered into a definitive agreement to sell its Niota and Meredosia storage and distribution facilities to subsidiaries of Trammo Inc.The sale price is about $50-million.The sale is related to the discontinuation of Agrium's North American purchase for resale business, a decision that was made as part of Agrium's recent portfolio review process.The transaction is anticipated to close by the first quarter of 2015.  Full Article

Agrium Inc approves dividend of $0.78 per common share
Thursday, 11 Dec 2014 11:48am EST 

Agrium Inc:Approved dividend of $0.78 per common share to be paid on Jan. 21, 2015 to shareholders of record on Dec. 31, 2014.Registered shareholders who are residents of Canada as reflected in Agrium's shareholders register will receive their dividend in Canadian dollars, calculated based on Bank of Canada noon exchange rate on Dec. 31, 2014.  Full Article

Agrium Inc prices offering of $500 million debentures
Thursday, 13 Nov 2014 06:17pm EST 

Agrium Inc:Says that it has agreed to issue and sell $500 million aggregate principal amount of 5.25 percent debentures due Jan. 15, 2045.Says the debentures will be issued at a price of 99.491 percent of the aggregate principal amount.Says the offering is expected to close on or about Nov. 18, 2014.Agrium intends to use the net proceeds from this offering to reduce short term debt and for general corporate purposes.The joint book-running managers for the offering are Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBC Capital Markets, LLC and Scotia Capital (USA) Inc.  Full Article

Agrium Inc agrees to take equity stake in CH Biotech R&D
Wednesday, 5 Nov 2014 02:45pm EST 

Agrium Inc:Says its subsidiary Loveland Products, Inc., signs a definitive agreement with CH Biotech R&D Co., Ltd. (CH Biotech), to take an equity stake in CH Biotech.Under the terms of the agreement, Agrium will have the right to obtain exclusive, worldwide distribution rights to CH Biotech's existing plant health technologies as well as access to new product and technology opportunities.It will also allow CH Biotech to further collaborate with Agrium to expand their plant health-focused research and development initiatives.  Full Article

UPDATE 1-Agrium quarterly profit disappoints; boosts dividend 12 pct

May 5 - Canadian fertilizer and farm retail dealer Agrium Inc on Tuesday reported a first-quarter profit that fell short of expectations, due in part to a late start to the U.S. spring farming season.

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