On January 1, 2018, Potash Corporation of Saskatchewan Inc. and Agrium Inc. (Agrium) completed the previously announced merger of equals transaction pursuant to the arrangement agreement, dated September 11, 2016, between the company and Agrium. Effective as of January 1, 2018, each of the company and Agrium became a wholly owned subsidiary of Nutrien Ltd. (Nutrien), which was formed to manage and hold the combined businesses of the company and Agrium as a result of the transactions under the plan of arrangement under the Canada Business Corporations Act, involving, among others, Nutrien, the company and Agrium (the arrangement). In connection with the arrangement, Donald Chynoweth, C. Steven Hoffman and Zoe Yujnovich resigned as directors of the company effective as of January 1, 2018. Also in connection with the arrangement, Stephen Dowdle, the company’s President, PCS Sales, will be departing the company on or around the end of January 2018. The company will provide Mr. Dowdle with a formal separation agreement that captures the entitlements in his change in control agreement shortly following the closing of the arrangement and expectations regarding his transition responsibilities.