Agrium Alleges JANA Continues to Mask Break-Up Plan

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Agrium Inc. ( AGU ) warned shareholders that New York hedge fund JANA Partners continues to attempt to mask its break-up objective by disseminating a growing list of false and misleading statements.

Victor J. Zaleschuk, Chairman of Agrium Board, said: "JANA has resorted to attempts to deceive our shareholders because its ever-changing arguments have gained no traction. JANA's dissident slate of "golden leash" nominees has been commissioned to break up the company and terminate an integrated strategy that has delivered substantial and sustainable value to shareholders."

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This article appears in: Investing , Commodities


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