Tensions Rise As Jana Intensifies Push For Agrium Shakeup

Law360, New York (February 7, 2013, 4:50 PM EST) -- Activist investor Jana Partners LLC on Thursday told Canadian fertilizer company Agrium Inc. that it must double down on cost cuts and move toward a spinoff of its retail unit, responding to sharp criticism leveled last week by the company’s CEO.

With 5 percent of the company’s shares, Jana is Agrium’s single-largest investor. The New York-based hedge fund plunked down $750 million for the stake in August, and since then has lobbied for a mix of new board members and unit spinoffs at the company it...
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