Increasing PotashCorp and Agrium Fair Value Estimates as Required Divestitures Sell for a Premium
On Oct. 18, PotashCorp and Agrium announced that their proposed merger has received regulatory approval in India on the condition that the combined company, which will be named Nutrien, divest PotashCorp’s minority shareholdings in SQM (32% ownership), Israel Chemicals (14%), and Arab Potash (28%) within the next 18 months. At current market prices, the three investments are worth over $6.1 billion, of which nearly $5.1 billion comes from SQM. SQM is currently trading at $59 per share, which is ...Potash Corp. of Saskatchewan isa fertilizer producer by capacity producing the three primary crop nutrients: potash, nitrogen and phosphate, which is used for agricultural, industrial and animal nutrition purposes. Co.'s potash operations include the mining and production of potash, which is used as fertilizer. Co.'s phosphate operations include the manufacture and sale of solid and liquid phosphate fertilizers, phosphate feed and industrial acid, which is used in food products and industrial processes. Co.'s nitrogen operations include production of nitrogen fertilizers and nitrogen feed and industrial products, including ammonia, urea, nitrogen solutions, ammonium nitrate and nitric acid.
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