Updating NORDION INC., POTASH CORP OF SASKATCHEWAN and AGRIUM INC.

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NORDION INC. $12 (www.nordion.com) has accepted a friendly takeover offer from Sterigenics, a private, Illinois-based firm that sterilizes surgical tools, pharmaceutical ingredients and other materials. Sterigenics will pay $11.75 U.S. for each Nordion share. Two-thirds of Nordion’s shareholders must approve the deal, but Sterigenics aims to close it in the second half of 2014. The stock is trading below the offer price, which indicates that investors do not expect a higher bid. Hold. POTASH CORP. OF SASKATCHEWAN $37 (www.potashcorp .com) exports potash fertilizer to customers outside North America through Canpotex, a marketing joint venture. Potash Corp., Agrium (see below) and Mosaic Co. (New York symbol MOS) each own a third of Canpotex. A major Indian importer recently agreed to buy potash from Russia at $322 U.S. a tonne, down 25% from a year earlier. That will put pressure on Canpotex to lower its prices. Hold. AGRIUM INC. $102 (www.agrium.com) gets 76% of its revenue and 46% of its earnings from…