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Agrium, PotashCorp net final regulatory approval for merger

Potash Corp. of Saskatchewan Inc. and Agrium Inc. secured final approval from the U.S. Federal Trade Commission for their proposed merger to create Nutrien, Agrium said Dec. 27.

With all regulatory approvals in place, the companies expect to close the transaction Jan. 1.

Nutrien shares are expected to begin trading on the TSX and the NYSE under the ticker NTR, effective Jan. 2.

The merger, which was earlier scheduled to close in the third quarter, was delayed due to slower-than-expected regulatory approvals and the divestment of certain assets to complete the deal.