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Market Chatter: Agrium Issues Proxy Circular, Slams Hedge Fund’s Break-Up Plans

“The war of words between fertilizer maker Agrium Inc (AGU, AGU.TO) and its biggest shareholder, Jana Partners, escalated on Monday with Agrium slamming the hedge fund’s plan to split the company in a letter to investors ahead of its annual meeting next month,” Reuters reported.

It reported: “Calgary, Alberta-based Agrium, which has begun mailing its proxy circular to shareholders ahead of the meeting on April 9, said Jana’s plan is an “ill-conceived scheme” that will destroy shareholder value.

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