When the deal was announced last September, it was estimated the combined company would have an enterprise value of $36 billion (U.S.) by joining PotashCorp’s extensive mining operations with Agrium’s mining and global retail network. and Agrium Inc. is now expected to close several months later than the previous target date due to concerns raised by regulatory bodies in four countries. “It’s a pretty complex process overall, and it is in multiple jurisdictions, so there’s just a lot of back and forth between the different agencies,” said PotashCorp spokesperson Bill Cooper on the delay. PotashCorp and Agrium say the proposed sales aren’t expected to affect the $500 million in annual savings from operational efficiencies they expect from the merger. The combined company, to be named Nutrien, will have its official head office in Saskatoon while keeping a corporate office in Agrium’s home city of Calgary.

Source: thestar September 07, 2017 17:37 UTC