Agrium Inc. (AGU, AGU.TO) announced that it has signed a proposed Consent Agreement with the Staff of the Federal Trade Commission relating to Agrium's proposed acquisition of CF Industries Holdings Inc. (CF). The remedies in the Consent Agreement are not material to the proposed transaction with CF. The Consent Agreement will now be forwarded to the Commission for its review and approval, which is generally concluded in a few weeks.
Agrium's offer is not subject to a financing condition. Agrium said that it has sufficient cash resources and committed financing underwritten by Royal Bank of Canada and The Bank of Nova Scotia to fund the cash portion of the offer.
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