PotashCorp, Agrium Issue Merger Update - Quick Facts

(RTTNews) - Potash Corporation of Saskatchewan Inc. (POT, POT.TO) and Agrium Inc. (AGU, AGU.TO) provided an update on the status of the proposed merger of equals transaction. The regulatory review and approval process has progressed in all remaining jurisdictions. The companies now expect to close the transaction by the end of the fourth quarter of 2017.

In Canada and the US, the parties are working with the Canadian Competition Bureau and the Federal Trade Commission to resolve final issues in superphosphoric acid and nitric acid. The companies have also been informed that the Ministry of Commerce in China and, independently, the Competition Commission of India intend to condition their respective approvals of the proposed transaction on the divestment of certain of PotashCorp's offshore minority ownership interests.