Jana says 2 nominees elected to Agrium board

Stockhouse Editorial
0 Comments| April 8, 2013

(The Canadian Press) NEW YORK _ Jana Partners LLC says it has received enough votes to get two of its five nominees elected to the board of fertilizer giant Agrium Inc. (TSX: T.AGU, Stock Forum) (NYSE: AGU, Stock Forum) at the company's annual meeting Tuesday.

The New York hedge fund, which has been in a bitter proxy fight with Agrium management, said in a statement Monday that it believes both managing partner Barry Rosenstein and another of its nominees, David Bullock, have received enough votes as of the deadline.

Trading at $99.26 on Monday, Agrium has a market cap of $14.8 billion, based on 149.4 million shares outstanding. The 52-week range is $115.31 and $74.28.

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