Potash executives would collect payments of US$24.7 million and Agrium executives would get US$20.4 million to compensate them for a change in control of the companies, Reuters reported.
Agrium shareholders will meet to vote in Calgary, Alberta on 3 November, while Potash investors meet in Saskatoon, Saskatchewan. Potash shareholders are expected own 52% of the new company.
The deal requires two-thirds approval by shareholders of each company.
