Hedge Fund's Bid To Stack Board Stinks, Fertilizer Co. Says

Law360, New York (March 4, 2013, 1:51 PM EST) -- Canadian fertilizer company Agrium Inc. tore into Jana Partners LLC in a shareholder letter on Monday, saying the activist hedge fund provided incentives to its slate of proposed new board nominees as part of a shakeup plan that would destroy the company's value.

Agrium's return fire comes as a showdown between the two intensifies in the lead-up to Agrium's annual meeting, set for April 9. Since becoming the company's biggest shareholder in August, Jana has publicly pressed management to split off its units and pepper in...
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