Shareholders approve big merger

AGRIUM INC. $127 (Toronto symbol AGU; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 138.2 million; Market cap: $17.6 billion; Price-to-sales ratio: 1.3; Dividend yield: 3.7%; TSINetwork Rating: Average; www.agrium.com) and rival fertilizer firm POTASH CORP. OF SASKATCHEWAN $23 (Toronto symbol POT; Aggressive Growth Portfolio, Resources… Read More

Updating Agrium Inc. and Potash Corp. of Saskatchewan

AGRIUM INC. $118 (www.agrium.com) will merge with rival fertilizer producer POTASH CORP. OF SASKATCHEWAN $21 (www.potashcorp.com).

The merger will help them better cope with weak fertilizer demand and prices. They will also gain from combining storage facilities and other overlapping operations.

Potash Corp. investors will receive 0.40… Read More

Big merger adds risk

AGRIUM INC. $117 (Toronto symbol AGU; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 138.2 million; Market cap: $16.2 billion; Price-to-sales ratio: 1.2; Dividend yield: 3.9%; TSINetwork Rating: Average; www.agrium.com) has agreed to merge with rival fertilizer firm POTASH CORP. OF SASKATCHEWAN $21 (Toronto symbol POT;… Read More