Shares of Nutrien, the company created by the mega-merger between Agrium and the Potash Corporation of Saskatchewan started trading Tuesday morning on both the Toronto and New York Stock Exchange, and shares in the company are moving higher in the first hours of operation.
The merger saw shareholders receive 0.40 Nutrien shares for each common share of PotashCorp they owned and 2.23 Nutrien shares for each Agrium share they owned.
Shares were up by over 65 cents in early trading on the TSE under the ticker symbol NTR.
The company is led by Chuck Magro, who until Monday served as president and CEO of Calgary-based Agrium. Jochen Tilk, who had been the president and CEO of PotashCorp for the last three years, is its new executive chairman
Final regulatory permission needed to complete the deal which was first announced in 2016 was given last week.