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Agrium and PotashCorp shareholders overwhelmingly approve all-stock merger

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At separate special meetings Nov. 3, PotashCorp shareholders voted more than 99 per cent in favour of the deal while more than 98 per cent of Agrium shareholders voted for it.

By The Canadian Press

Shareholders of Potash Corp. of Saskatchewan and Agrium Inc. have voted overwhelmingly in favour of an all-stock merger.

At separate special meetings Thursday, PotashCorp shareholders voted more than 99 per cent in favour of the deal while more than 98 per cent of Agrium shareholders voted for it.

The companies say the deal, announced in early September, should bring upwards of US$500 million in annual cost savings for the combined company with US$20.6 billion in expected net... // Read Full Article


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