Topic: How To Invest

The Successful Investor Hotline – Friday, December 15, 2017

Article Excerpt

AGRIUM INC., $141.74, Toronto symbol AGU, sells seeds, fertilizers and agricultural products to farmers through 1,500 stores in North America, South America and Australia. It also mines potash, and produces nitrogen- and phosphate-based fertilizers. This week, the company agreed to buy Macrofertil, a fertilizer distribution business in Australia. Those operations consist of six fertilizer-processing and storage facilities. Agrium has yet to reveal how much it will pay for Macrofertil. However, the new operations are set to add $120 million U.S. to the company’s annual revenue of $16 billion U.S. Meantime, Agrium still expects to complete its merger with rival fertilizer-producer POTASH CORP. OF SASKATCHEWAN, $25.32, Toronto symbol POT, in the next few weeks. Under the terms of the agreement, Potash Corp. shareholders will receive 0.40 shares in the combined company (called Nutrien Ltd.) for each POT share they hold; Agrium investors will receive 2.23 shares for each AGU share. After the merger, Potash Corp. investors will own 52% of the new company, and Agrium shareholders…