Edition:
India

Potash Corporation of Saskatchewan Inc (POT.TO)

POT.TO on Toronto Stock Exchange

25.64CAD
13 Dec 2017
Change (% chg)

$0.16 (+0.63%)
Prev Close
$25.48
Open
$25.45
Day's High
$26.04
Day's Low
$25.45
Volume
1,666,803
Avg. Vol
1,351,859
52-wk High
$26.62
52-wk Low
$20.68

Latest Key Developments (Source: Significant Developments)

Agrium and PotashCorp receive regulatory approval in China
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Agrium Inc ::Agrium and PotashCorp announce receipt of regulatory approval in China.Regulatory review, approval process for potashcorp deal continues in U.S. and companies expect to close deal by end of Q4 2017​.Approval also conditioned on commitment to convert PotashCorp's equity interest in sinofert to passive investment prior to merger closing.Approval conditioned on commitment to divest PotashCorp's holdings in Arab Potash Co, Sociedad Quimica Y Minera De Chile in 18 mnths from closing.  Full Article

Potash Corp CEO sees big interest in sale of SQM stake
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Potash Corporation Of Saskatchewan Inc CEO Jochen Tilk, speaking on a conference call on Thursday, said::Potash Corp encouraged by market conditions for selling SQM stake.New company Nutrien may use sale proceeds from equity stakes to pay debt, return value to shareholders or M&A.Potash Corp sees 'significant interest' in buying company's SQM stake.  Full Article

Potashcorp reports Q3 earnings per share $0.06
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Potash Corporation Of Saskatchewan Inc :Potash Corp reports third-quarter earnings of $0.06 per share.Q3 earnings per share $0.06.Q3 earnings per share view $0.12 -- Thomson Reuters I/B/E/S.Potash Corp - ‍full-year 2017 earnings guidance range adjusted to $0.48-$0.54 per share, including merger-related costs of $0.08 per share​.Potash Corp - ‍ Expect merger of equals with agrium to close by end of Q4 of 2017​.Potash Corp - ‍Third-quarter earnings included $0.03 per share related to a non-cash impairment charge in phosphate​.Potash - ‍Global Potash prices improved for fifth consecutive quarter as agronomic need and affordability led to "strong" demand in all major markets​.Potash Corp qtrly sales $‍1,234​ million versus $1,136 million.Q3 revenue view $1.02 billion -- Thomson Reuters I/B/E/S.Potash Corp - ‍In Nitrogen, "tighter" market fundamentals late in the quarter supported a recovery in prices from multi-year lows​.Potash Corp - For Potash, ‍sales volumes for quarter reached 2.9 million tonnes​.Potash Corp - ‍ Maintained anticipated Potash global shipment range for 2017 at 62 million tonnes - 65 million tonnes​.Potash Corp - ‍Phosphate fertilizer markets witnessed moderate appreciation during the quarter, supported by stronger engagement from India​.Potash Corp - ‍ In North America, Potash demand continues to be robust as growers address nutrient needs and capitalize on strong affordability​.  Full Article

Arab Potash says PotashCorp plans to merge with Agrium
Sunday, 22 Oct 2017 

Oct 22 (Reuters) - ARAB POTASH CO ::SAYS POTASHCORP ANNOUNCES ITS PLAN TO MERGE WITH CANADIAN FERTILIZER COMPANY AGRIUM.SAYS COMPETITION COMMISSION OF INDIA APPROVES MERGER PROVIDED POTASHCORP DIVESTS STAKE IN GLOBAL INVESTMENTS INCLUDING ITS STAKE IN ARAB POTASH.  Full Article

Agrium and Potashcorp receive regulatory approval in India
Thursday, 19 Oct 2017 

Oct 18 (Reuters) - Agrium Inc ::Agrium and Potashcorp announce receipt of regulatory approval in India.Potash Corporation of Saskatchewan Inc and Agrium Inc expect to close transaction by end of Q4 of 2017​.Regulatory review and approval process continues in U.S. and China for proposed merger with Potashcorp​.  Full Article

Agrium and Potash Corp will become Nutrien, upon closure of merger transaction
Thursday, 22 Jun 2017 

June 21 (Reuters) - Agrium Inc :Upon closure of the merger transaction, Agrium and Potashcorp will become nutrien.Agrium Inc says that once anticipated merger transaction between CO and Potash Corp closes, new company will be named Nutrien.Regulatory review and approval process for merger transaction continues & parties expect closure of transaction to take place in Q3 of 2017.  Full Article

Paine & Partners appoints David Delaney as strategic advisor
Tuesday, 6 Sep 2016 

Potash Corporation of Saskatchewan Inc:Paine & Partners appoints David Delaney as strategic advisor.  Full Article

Fitch Potashcorp/Agrium merger talks highlight distribution
Thursday, 1 Sep 2016 

Fitch Ratings: Consolidation in sector is being driven by low valuations,synergies and longer term growth prospects .Believe Potash prices have bottomed with curtailed production,price appreciation could be modest through 2018.  Full Article

Agrium confirms talks with Potash Corp for potential merger of equals
Tuesday, 30 Aug 2016 

Agrium Inc : Agrium confirms discussions with PotashCorp regarding potential merger of equals . No decision has been made as to whether to proceed with a combination .No agreement has been reached with Potash Corp.  Full Article

Potash Corp, Agrium planning to merge - Bloomberg
Tuesday, 30 Aug 2016 

:Potash Corp, Agrium Inc planning to merge; combination could be announced as soon as next week - Bloomberg, citing sources.  Full Article

Photo

Potash CEO meets with Chilean government amid stake sale

SANTIAGO Potash Corp of Saskatchewan Chief Executive Officer Jochen Tilk met on Thursday with authorities in Chile as the Canadian fertilizer company tries to divest its minority stake in Chilean lithium miner SQM ahead of its proposed merger with rival Agrium Inc.