Agrium, PotashCorp provide update on approvals for merger of equals

Ontario court approves proposal, and crop nutrient companies expect transaction to close in mid-2017.

Agrium Inc. and Potash Corporation of Saskatchewan Inc. (PotashCorp) announced that the Ontario Superior Court of Justice has issued a final order approving their proposed merger of equals transaction to be implemented by way of a plan of arrangement under the Canada Business Corporations Act.

It was previously announced that shareholders of both companies overwhelmingly voted last week to approve the proposed merger of equals.

The companies said they have made good progress

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