Agrium (AGU), PotashCorp (POT) Said in Merger Talks

August 30, 2016 9:52 AM EDT

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(Updated - August 30, 2016 9:56 AM EDT)

Agrium (NYSE: AGU) and PotashCorp (NYSE: POT) are said to be in merger talks, according to Bloomberg.

UPDATE - An announcement could be made as soon as next week, although nothing has been finalized and talks may fall apart before an agreement is reached.

No price or terms were speculated

Potash last carried a market cap of around $13.6 billion, while Agrium was at $12.5 billion ahead of today's speculation.

Of note, in 2010 Canada blocked a deal for BHP (NYSE: BHP) to acquire Potash. That said, with Agrium and Potash both being headquartered in Canada, regulators in the country may be more open to green-lighting a deal.

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