Jana Ups Agrium Stake Amid Push To Steer Company

Law360, New York (February 21, 2013, 3:27 PM EST) -- Activist hedge fund Jana Partners LLC pumped up its stake in Canadian fertilizer company Agrium Inc. to 7.5 percent, according to a Thursday securities filing, stoking tensions amid a battle to reshape the company and its board.

The filing did not say how much New York-based Jana paid to pile onto its Agrium holding, though its entire stake is worth more than $1 billion. The firm bought a 5 percent interest in August, kicking off a push to split off certain Agrium units and appoint a...
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