Canadian fertilizer companies Agrium Inc and Potash Corp of Saskatchewan Inc are in talks to merge, Bloomberg reported, citing people familiar with the matter.
The combination could be announced as soon as next week, Bloomberg reported, citing the sources.
No final decisions have been made and the companies could decide against a deal, Bloomberg said.
Shares of Potash Corp, which had a market valuation of about $17.54 billion (US$13.43 billion) as of Monday’s close, were up 11.5 per cent at $23.30 in morning trading.
Agrium, which had market valuation of about $16.10 billion, were up seven per cent at $124.81.
Thomson Reuters 2016
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