Jana Takes Agrium Shakeup Pitch To Investors Before Vote

Law360, New York (March 7, 2013, 2:50 PM EST) -- Activist hedge fund Jana Partners LLC reaffirmed its pitch to reshape Agrium Inc. in an investor letter on Thursday, again laying into the Canadian fertilizer company as the two remain locked in a proxy battle ahead of an April shareholder summit.

Conflict between the firms has intensified in the lead-up to the April 9 meeting, with both sides bearing down on their arguments. Jana, which, with a 7.5 percent stake, is Agrium's biggest shareholder, has pressed the company to appoint a handful of new directors and...
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