Chemicals Fertilizers and Agricultural Chemicals

  • WINNIPEG, Sept 15- Canada's Agrium Inc will woo reluctant shareholders next week in Toronto to support its proposed merger with Potash Corp of Saskatchewan Inc, and seek to appease concerns that it has little to gain by marrying its fertilizer rival. Shareholders, including Montrusco, plan to meet with Agrium on Tuesday in Toronto. Agrium stock fell 6 percent in...

  • Dr Brian McGee, engagement manager at Novasecta, discusses Bayer's expected acquisition of agrochemical firm Monsanto.

  • It would combine Potash's crop nutrient production capacity, the world's largest, with Agrium's farm retail network, North America's biggest, plus its own potash mine and fertilizer plants. Agrium Chief Executive Officer Chuck Magro will be CEO of the merged company. Potash Chief Executive Jochen Tilk, who will become executive chairman, said the structure...

  • Potash Corp shareholders will own 52 percent of the new company, with Agrium shareholders owning the rest if the deal closes in mid-2017 as the companies hope, they said on Monday. Agrium Chief Executive Officer Chuck Magro will be CEO of the merged company, whose market capitalization is projected at $26 billion. Potash Corp is already the world's biggest crop...

  • TORONTO, Sept 12- Canada's main stock index slipped on Monday as banks fell with a retreat in overseas equities markets, but losses were cushioned by companies gaining on domestic merger activity. Open Text Corp soared 7.8 percent to C $84.02 after the software company said it had agreed to buy Dell-EMC's enterprise content division for $1.62 billion.

  • Potash Corp, the world's biggest crop nutrient company by capacity and Agrium, North America's largest farm retailer, said the combined entity would be largest crop nutrient company in the world. Potash Corp shareholders will get 0.400 common shares of the combined company for each share they hold and Agrium shareholders will get 2.230 common shares for each...

  • Potash Corp, the world's biggest crop nutrient company by capacity and Agrium, North America's largest farm retailer, said the combined company will be largest crop nutrient company in the world and third largest natural resource company in Canada. The merger will create a company dominant in North America, controlling nearly two-thirds of potash capacity,...

  • Shareholders of Potash Corp, the world's biggest crop nutrient company by capacity, will get 0.400 common shares of the combined company for each share held. Potash Corp shares were up slightly at $17.03 in premarket trading. After the deal closes, Potash Corp shareholders will own about 52 percent of the new company, with Agrium shareholders holding the rest.

  • Sept 12- Canada's Agrium Inc and Potash Corp of Saskatchewan Inc said on Monday they would combine to create a fertilizer and farm retailing giant with proforma enterprise value of $36 billion. Potash Corp shareholders will get 0.400 common shares of the new company for each share they own, while Agrium shareholders will get 2.230 common shares.

  • Sept 8- German chemicals and crop pesticides firm Bayer AG is exploring the sale of its dermatology business to push forward its deal with Monsanto Co, Bloomberg reported, citing sources. Bayer is working with JPMorgan Chase& Co on the sale, which could fetch more than 1 billion euros, the report said. The dermatology business could attract interest from existing...

  • Sept 2- Hundreds of banana farmers from Central America and South America will again have their day in court, after a U.S. appeals court on Friday revived six lawsuits accusing several big fruit and chemical companies of sickening them with a toxic pesticide. By an 11-0 vote, the 3rd U.S. Circuit Court of Appeals in Philadelphia revived claims by 228 farmers from...

  • Stocks to Watch: September 6, 2016

    Navistar, Monsanto and General Electric are making headlines this Tuesday morning before the market open.

  • Bayer ups bid for Monsanto to $127.50/share

    Bayer raises its offer for Monsanto to more than $65 billion. Jonas Oxgaard, Bernstein, explain why he thinks the odds of this deal happening are relatively slim.

  • Bayer will have to offer more: Analyst

    John Rountree, managing partner at Novasecta, discusses the viability of Bayer's latest attempt to buy Monsanto.

  • Bayer said it would be prepared to offer $127.50 per Monsanto share from its previous offer price of $125 per share only in connection with a negotiated deal. German daily Rheinische Post earlier reported that a $130 per share offer may be necessary to clinch the deal "in a swift and friendly way," citing unnamed sources at Bayer. In July, Bayer raised its earlier...

  • TEL AVIV, Sept 5- Fertilizer maker Israel Chemicals will not be bidding for an indirect stake that is for sale in Chilean potash and lithium producer SQM, a spokesman for the Israeli company said. ICL Chief Executive Officer Stefan Borgas said in May that ICL was interested in investing in SQM, which is 30 percent held by Potash Corp of Saskatchewan, but noted SQM was...

  • TEL AVIV, Sept 5- Fertiliser maker Israel Chemicals will not be bidding for an indirect stake that is for sale in Chilean potash and lithium producer SQM, a spokesman for the Israeli company said. ICL Chief Executive Officer Stefan Borgas said in May that ICL was interested in investing in SQM, which is 30 percent held by Potash Corp of Saskatchewan, but noted SQM was...

  • TORONTO/ WASHINGTON, Sept 2- Canada's Potash Corp of Saskatchewan and Agrium Inc are more likely to win approval for a potential merger in Canada than the United States, but U.S. rejection of the deal would scuttle it globally, competition lawyers said. "It's possible that in this case the efficiencies win the day in Canada but don't carry the day in the United States."

  • Sept 2- Hundreds of banana farmers from Central America and South America will again have their day in court, after a U.S. appeals court on Friday revived six lawsuits accusing several big fruit and chemical companies of sickening them with a toxic pesticide. By an 11-0 vote, the 3rd U.S. Circuit Court of Appeals in Philadelphia revived claims by 228 farmers from...

  • WINNIPEG/ CHICAGO, Aug 31- North American farmers will pressure regulators to protect their negotiating leverage with fertilizer suppliers if Potash Corp of Saskatchewan and Agrium Inc agree to merge, major farm groups said on Wednesday. The tie-up would face regulatory scrutiny in both the United States and Canada. Independent retailers in the United...