|Bid||25.50 x 0|
|Ask||25.50 x 0|
|Day's Range||25.78 - 26.38|
|52 Week Range||25.78 - 26.38|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Israel Chemicals (ICL) reported on Wednesday higher revenue and profit in the fourth quarter, beating expectations as potash prices rose and expenses fell at the world's sixth-largest producer of the fertiliser ingredient. ICL, which also produces about a third of the world's bromine, said it earned $142 million excluding one-time items in the fourth quarter, compared with $114 million a year earlier. Analysts had forecast ICL to earn $100 million, according to Thomson Reuters I/B/E/S.
Nutrien, the world's biggest fertilizer company by capacity, also said higher input costs would shrink nitrogen and phosphate margins. The company, reporting its first results since the merger, said it expects full-year earnings before interest, taxes, depreciation and amortization of $3.2 billion to $3.7 billion, and earnings per share of between $2.10 and $2.60. Chief Executive Chuck Magro said that following the merger, the company achieved $40 million in run-rate synergies and was "focused on capturing half a billion dollars" in annual merger synergies by the end of 2019.
Nutrien Ltd, created from the merger of fertilizer makers Agrium Inc and Potash Corp of Saskatchewan this year, said it expected full-year 2018 EBITDA of $3.2 billion to $3.7 billion. Nutrien also said fourth-quarter net earnings for Agrium fell to $18 million, or 13 cents per share, in the fourth quarter ended Dec 31 from $67 million, or 49 cents per share, a year earlier. Potash Corp reported a net loss from continuing operations of $120 million, or 14 cents per share, from a profit of $13 million, or 2 cents per share, a year earlier.
In addition to the regulatory approval from the US (MOO), this merger has also received approval from Canada, Russia, India, China, and Brazil.
Let’s talk about the popular Potash Corporation of Saskatchewan Inc (TSX:POT). The company’s shares maintained its current share price over the past couple of month on the TSX, with aRead More...
Potash (POT) and Agrium get final clearance for their merger deal which is expected to close effective Jan 1, 2018. The combined company, to be known as Nutrien, will commence trading on Jan 2.
WASHINGTON/CALGARY, Alberta, Dec 27 (Reuters) - Potash Corp of Saskatchewan Inc and Agrium Inc have received final regulatory clearance to merge, forming a new company to be known as Nutrien, the two firms said on Wednesday. The two Canadian fertilizer and chemical companies agreed to divest two of Agrium's U.S. production facilities to ensure merger approval from the U.S. Federal Trade Commission. PotashCorp and Agrium agreed in a settlement with the FTC to divest one facility to Itafos and another to Trammo Inc, the FTC said.
Potash Corporation of Saskatchewan Inc (NYSE:POT) delivered a less impressive 5.42% ROE over the past year, compared to the 13.90% return generated by its industry. An investor may attribute anRead More...
Agrium and PotashCorp Announce Receipt of Final Regulatory Clearance and Set Closing Date for Merger of Equals
SASKATOON and CALGARY, Dec. 27, 2017 /PRNewswire/ - Potash Corporation of Saskatchewan Inc. (PotashCorp) (TSX and NYSE: POT) and Agrium Inc. (TSX and NYSE: AGU) are pleased to announce today that they have received clearance from the United States' Federal Trade Commission and have now obtained all regulatory approvals required to close their proposed merger of equals transaction. The transaction is expected to close effective January 1, 2018 and remains subject to customary closing conditions.
Potash Corporation of Saskatchewan Inc. and Agrium Inc. are pleased to announce today that they have received clearance from the United States' Federal Trade Commission and have now obtained...
Potash Corporation of Saskatchewan Inc and Agrium Inc have agreed to divest two of Agrium's U.S. production facilities to win merger approval from the U.S. Federal Trade Commission, the FTC said on Wednesday.
Phosphate fertilizer producers, including Mosaic Co and Potash Corp of Saskatchewan, are paying the highest prices in two years for sulphur, a key ingredient in their farm products, but farmers are the ones absorbing the extra cost. Higher sulphur costs, the result of tight global supplies and strong Chinese demand, come as fertilizer makers struggle against a crop price slump that has diminished farmer buying power and as new global phosphate supplies come on stream. The spike in thinly traded sulphur caused "a bit of pandemonium," as it is a byproduct of oil and gas output, making it difficult to fill shortages quickly, said Andy Jung, director of market and strategic analysis at Minnesota-based Mosaic.
SASKATOON, SK and CALGARY, Dec. 19, 2017 /PRNewswire/ - Potash Corporation of Saskatchewan Inc. (PotashCorp) (TSX and NYSE: POT) and Agrium Inc. (TSX and NYSE: AGU) today announced that eligible Canadian resident registered shareholders must complete, sign and return a letter of transmittal and election form with their share certificate(s) to AST Trust Company (Canada) (the Depositary) by the Election Deadline (as defined below) in order to make the election described below in respect of their Agrium or PotashCorp common shares in connection with the merger of equals transaction involving PotashCorp, Agrium and their new parent entity, Nutrien Ltd.
Agrium and PotashCorp Announce Election Deadline for Eligible Canadian Resident Registered Shareholders
Potash Corporation of Saskatchewan Inc. and Agrium Inc. today announced that eligible Canadian resident registered shareholders must complete, sign and return a letter of transmittal and...
Chilean development agency Corfo and lithium company SQM have agreed to suspend their arbitration battle for 30 days as they make a new push to solve a dispute over mining royalties, Corfo said on Monday. SQM and Corfo have been embroiled in a high-stakes arbitration since May 2014. On Monday, SQM, Pampa Calichera and Potash met with Eduardo Bitran, head of Corfo, to reopen the discussion.
PotashCorp (POT) has had a weak 2017, with negative returns most of the year. However, the stock recovered toward the end of the year.
PotashCorp is the world's largest crop nutrient company and plays an integral role in global food production. PotashCorp is the largest producer, by capacity, of potash and one of the largest producers of nitrogen and phosphate. Common shares of Potash Corporation of Saskatchewan Inc. are listed on the Toronto Stock Exchange and the New York Stock Exchange.
Potash is a key agricultural fertilizer nutrient, which is why stabilizing demand and prices is good news for some potash stocks.