Agrium Vows To Fight Hedge Fund Jana's Spinoff Push

Law360, New York (August 14, 2012, 2:13 PM EDT) -- Canadian fertilizer company Agrium Inc. vowed Tuesday to fend off any spinoff demands made by its newest major shareholder, activist investor Jana Partners LLC, saying in a U.S. Securities and Exchange Commission filing that it would keep its retail division intact.

The company, which supplies agricultural products to customers in North and South America, issued its statement in response to media reports that hedge fund Jana Partners had picked up a 5 percent stake in the company worth $750 million and would attempt to force the...
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