Agrium Board Says Retail Spin Off Not In Best Interest Of Shareholders
In response to reports about a meeting today between Agrium Inc. (TSX:AGU) (NYSE: AGU) and one of its shareholders, JANA Partners LLC, Agrium confirmed that such a meeting took place. Agrium, which meets regularly with shareholders, said the meeting with JANA was arranged several weeks ago.
At the meeting, Agrium made clear to JANA that the Board carefully considered JANA's position that Agrium should spin off its Retail operations. The Board unanimously determined that a spin-off would not be in the best interests of the company or its shareholders.
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