UPDATE: Agrium Alleges JANA Continues to Mask Break-Up Plan; Stock Slips 1%
Agrium Inc. (AGU.TO) 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."
AGU edged lower to $106.64 by nearly 1%, trading near 52-week high $116.38.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.