A Merger of Equals – Potash Corporation of
Saskatchewan and Agrium
Inc.
TORONTO, Dec. 27, 2017 /CNW/ - S&P Dow Jones Indices
Canadian Index Services will make the following changes in the
S&P/TSX Canadian Indices:
Agrium Inc. (TSX:AGU) and Potash Corporation of Saskatchewan
Inc. (TSX:POT) have announced the completion of a merger of equals
to form a new company to be called Nutrien Ltd. (TSX:NTR). The
S&P Dow Jones Indices treatment of this transaction for
S&P/TSX indices will be as follows (all changes are effective
prior to the open of trading on Tuesday,
January 2, 2018):
- Potash Corporation of Saskatchewan Inc. will be deemed to be
the company that goes forward as Nutrien Ltd.
- Agrium Inc. will be removed from all S&P/TSX indices where
it is a constituent prior to the open of trading on January 2, 2018.
- The outstanding shares of Potash Corporation will be
consolidated on a 0.4-for-1 basis. Following this consolidation,
the number of shares of Nutrien Ltd. will be increased to reflect
the shares issued in exchange for Agrium Inc.
- Open Text Corporation (TSX:OTEX) will be removed from the
S&P/TSX Completion Index and added to the S&P/TSX 60, 60
Capped and 60 Equal Weight Indices to replace Agrium Inc.
For more information about S&P Dow Jones Indices, please
visit www.spdji.com
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