Agrium, Potash to merge into $36 bn fertilizer giant

Canadian rivals Agrium Inc and Potash Corp. of Saskatchewan agreed Monday to merge to create a $36 billion global fertilizer giant in the latest large agribusiness merger sparked by low crop prices. The new company will combine potash, nitrogen and phosphate production with a global distribution network, employing nearly 20,000 people, and will generate $500 million in annual savings from their combined operations, a joint statement said. "The new company will be a low-cost, world-class producer