The merger between PotashCorp and Agrium is set to close January 1 after the proposed deal cleared its final regulatory hurdle.
In a news release issued Wednesday, it was announced the deal, which was announced in September 2016, can proceed after being granted approval by the U.S. Federal Trade Commission
- Potash Corp. of Saskatchewan and Agrium agree to merge in massive deal
- Merger of Potash Corp of Sask and Agrium receives regulatory approval in Canada
The merger between the two companies will created a new company called Nutrien.
It will have 20-thousand employees and operations in 18 countries.
Nutrien is expected to begin trading on the Toronto and New York stock exchanges under the symbol “NTR” on January 2.