Potash Corp, Agrium talk merger as fertilizer sector struggles

[WorldNews]

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Canada's Agrium Inc and Potash Corp of Saskatchewan Inc said on Tuesday they are in talks to merge, a tie-up that would create a global fertilizer and farm retailing giant as the agriculture sector struggles with soft crop prices. Potash Corp , the world's biggest crop nutrient company by capacity and Agrium , North America's largest farm retailer, and said in separate statements that the talks were at a "preliminary" stage about a possible merger of equals, adding that no agreement has been reached. U.S.-listed shares of Potash and Agrium rocketed up 11 and 6 percent respectively, which would make a combination of the two worth more than $25 billion.

 

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