Agrium board responds to JANA Partners Agrium board members issued a release stating that "New York hedge fund JANA Partners continues to attempt to mask its break-up objective by disseminating a growing list of false and misleading statements (...) JANA has resorted to attempts to deceive our shareholders because its ever-changing arguments have gained no traction. JANA's dissident slate of "golden leash" nominees has been commissioned to break up the company and terminate an integrated strategy that has delivered substantial and sustainable value to shareholders." The release then points out specific claims by JANA and argues for their falsehood, and asks shareholders to "discard any proxy or related materials you may receive from Jana Partners LLC."
News For AGU From The Last 14 Days
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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.