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Stock Market & Financial Investment News

News Breaks
February 20, 2013
12:02 EDTAGUJANA 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."
News For AGU From The Last 14 Days
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October 24, 2014
06:07 EDTAGUValueAct reports 5.7% activist stake in Agrium
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October 16, 2014
14:13 EDTAGUU.S farmers use less fertilizer this autumn as crop prices fade, Reuters says
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