Nutrien Cautions Shareholders Against Unsolicited Below-Market Mini-Tender Offer
SASKATOON, Saskatchewan — June 12, 2026 — Nutrien Ltd. (TSX and NYSE: NTR) has issued a statement warning its shareholders against an unsolicited "mini-tender" offer by Ocehan LLC to buy up to 100,000 common shares.
The offer proposes a purchase price of C$70.20 per share, which represents approximately a 24.91% discount on the Toronto Stock Exchange and a 26.13% discount on the New York Stock Exchange compared to closing prices on May 8, 2026—the last trading session before the offer commenced.
Company Advisory
Nutrien does not endorse or associate with Ocehan’s offer and advises shareholders not to tender their shares. The company highlighted that mini-tender bids are deliberately structured to avoid the stringent disclosure requirements and procedural investor protections required under Canadian and U.S. securities legislation.
Both the Canadian Securities Administrators (CSA) and the U.S. Securities and Exchange Commission (SEC) have expressed long-standing regulatory concerns regarding mini-tender offers. The SEC has cautioned that bidders construct these below-market bids hoping to catch investors off guard if they fail to compare the offer price to the current market valuation.
Nutrien has urged shareholders to consult their brokers or financial advisors, check current stock market quotations, and exercise extreme caution. Shareholders who have already tendered their stock are advised to review Ocehan’s offering documents to initiate withdrawal procedures.
