Here’s Why These Stocks Are on Investors’ Radars Today

Cemex SAB De CV (NYSE:CX)’s stock is trading higher after the company stated that one of its US subsidiaries entered into a definitive agreement with Eagle Materials, which involves the sale of its Fairborn, Ohio cement pplant and cement terminal in Columbus, Ohio for around $400 million. The full 2016 EBITDA for the divested assets is estimated at around $33 million, the company said in a press release. At the end of June, 19 investors from our database held shares of Cemex worth around $230 million in aggregate.

Shares of Agrium Inc. (NYSE:AGU) and Potash Corporation of Saskatchewan (NYSE:POT) have moved into the red territory, even though they traded higher in the first hours after the opening bell. The companies have announced their merger of equals today, which is expected to create one of the largest fertilizer companies in the world and generate around $500 million in annual operating synergies. Under the terms of the all-stock deal, shareholders of Potash Corporation will receive 0.40 shares of the new company per each share of Potash they own, while shareholders of Agrium will receive 2.23 shares of the new company per each Agrium share. Among the investors tracked by Insider Monkey, 18 funds reported long positions in Agrium and 32 investors disclosed stakes in Potash Corporation as of the end of June. The total values of their stakes stood at $177.29 million and $946.90 million, respectively.

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