Calgary — Agrium Inc. recently told analysts that it expects its acquisition of the bulk of Viterra Inc.’s retail outlets to close toward the end of the second quarter. Regardless, Agrium said it would get the earnings all the way back through April 2012. Agrium said it was able to get the assets at less than 6x, pre-synergy, and on its ability to take both the nitrogen plant and the retail business. Earlier, it said when it sought to buy Viterra it was offered at 10x of 11x range. As for its own Retail prowess, Agrium said revenue per facility has gone up 21 percent since 2007, and EBITDA 24 percent. In other news, Agrium said that its sale of 34 percent of the Medicine Hat nitrogen plant to CF Industries Holdings Inc. could close within 30 days.
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