- Agrium (AGU +3%) moves higher after agreeing to acquire the Australian fertilizer business of commodities trader Louis Dreyfus for an undisclosed sum.
- Macrofertil's Austrlaian network includes six fertilizer storage and distribution assets with coating and blending capabilities, and has annual volumes of more than 300K metric tons with $120M/year in sales.
- AGU says the acquisition will complement its existing network of ~400 sites in Australia.