Nutrien's Cost-Advantaged Fertilizer Production Should Grow Profits as Unit Production Costs Fall
Nutrien announced an agreement to acquire Ruralco in an all-cash offer of AUD 4.40 per share, which is a purchase price of AUD 469 million, or $335 million based on an AUD 1.40 per $1 exchange rate as of Feb. 27. The announcement comes just a day after Nutrien released a statement confirming that the two companies were in discussions regarding a deal. The acquisition is consummated at a 9.2 times enterprise value/EBITDA multiple based on Ruralco's 2018 EBITDA, representing a 44% premium for Rura...Nutrien Ltd is Canada-based crop nutrient producer and distributer of potash, nitrogen and phosphate products for agricultural, industrial and feed customers worldwide. The Company is focused on retail, potash, nitrogen and phosphate mining and processing operations. The Company's retail operations serve growers in a number of countries across the United States, Canada, South Africa, Australia and South America. The Company operates six potash mines in Saskatchewan and has a mine in New Brunswick in care-and-maintenance mode. The Company operates integrated phosphate mining and processing facilities, as well as a number of smaller upgrading plants in the United States.
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