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News Breaks | | | | February 20, 2013 | | 12:02 EDT |  | AGU | JANA Partners issues open letter to Agrium shareholders
"We have invested more than $1 billion in Agrium, making us the largest shareholder with approximately 6.5% of its outstanding shares, because we believe Agrium can generate substantial additional upside for all shareholders by addressing 5 core issues: Costs, Controls, Capital Allocation, Conglomerate Structure and Corporate Governance. Agrium however refuses to fully address these issues, and has subverted traditional notions of good governance by fighting off our highly qualified independent nominees and choosing their own directors merely because we have questioned its performance and strategy. We note that the market has had a swift and negative reaction to this refusal to engage, including a 7% share price decline last week after Agrium's new directors were announced and our rejection of its insufficient settlement offer... We believe the board should be saying yes to these opportunities to unlock Agrium's full value creation potential, rather than wasting substantial shareholder money fighting them off, and we remain confident that once our highly qualified and shareholder-focused director candidates are elected, the board will do so." | |
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News For AGU From The Last 14 Days Check below for free stories on AGU the last two weeks. |
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| May 15, 2013 | | 07:31 EDT |  | AGU | BMO Capital to host a conference
 Subscribe for More Information | | | May 9, 2013 | | 07:11 EDT | | AGU | Agrium announces repurchase up to 5% of shares
Agrium said its board has authorized the repurchase of up to 5% of its currently issued and outstanding common shares through a Normal Course Issuer Bid subject to regulatory approvals. The Bid is anticipated to commence in May. | | | 07:10 EDT |  | AGU | Agrium sees Q2 EPS $4.60-$5.40, consensus $5.33
Subscribe for More Information | | | 07:09 EDT | | AGU | Agrium reports Q1 EPS ex-items $1.03, consensus $1.08
Subscribe for More Information | | | May 8, 2013 | | 09:36 EDT |  | AGU | Agrium upgraded to Outperform from Sector Perform at Scotia Capital
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