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Wednesday, January 8, 2014

Agrium says to restructure into two business units, (NYSE: AGU), (TSE: AGU.TO)

Canadian fertilizer company Agrium Inc said on Wednesday it will restructure its three divisions into two business units, wholesale and retail, in the first quarter of 2014 as it moves to become more efficient.Following a recently completed strategic review of its Agrium Advanced Technologies (AAT) business unit, Agrium said it decided to transfer AAT's agriculture business to the wholesale division.The remaining parts of AAT, the turf and ornamental, and direct solutions businesses, will undergo further review, and could possibly be sold.AAT was the smallest of Agrium's three divisions.

Agrium Inc. (Agrium) is a global producer and marketer of nutrients for agricultural and industrial markets. Shares of AGU traded higher by 1.95% or $1.73/share to $90.57. In the past year, the shares have traded as low as $77.19 and as high as $115.31. On average, 950184 shares of AGU exchange hands on a given day and today's volume is recorded at 716390.

Agrium Inc. (Agrium) is a global producer and marketer of nutrients for agricultural and industrial markets. Shares of AGU traded higher by 2.18% or $2.09/share to $97.90. In the past year, the shares have traded as low as $83.46 and as high as $116.38. On average, 423079 shares of AGU.TO exchange hands on a given day and today's volume is recorded at 641331.



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