Agrium, Jana Partners Trade Blows Over Co. Strategy

Law360, New York (January 28, 2013, 3:27 PM EST) -- Canadian fertilizer company Agrium Inc. reaffirmed to shareholders on Monday that it would ignore calls from its biggest shareholder, Jana Partners LLC, to split its wholesale and retail units, touching off sharp-tongued criticism from the activist investor.

At a meeting with analysts in New York, Agrium CEO Mike Wilson said Jana's proposed plan would “destroy value” for shareholders, according to multiple reports, adding that Jana has a reputation for breaking apart companies rather than allowing them to follow their own successful courses.

Since it paid $750...
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