Jana Partners LLC has released some new materials and a new presentation for shareholders in conjunction with meetings Jana and its board nominees are holding this week with shareholders of Agrium Inc. across Canada. As previously reported, Jana, Agrium’s largest shareholder, has put together a slate of five new directors it is seeking to elect to the Agrium board of directors.
“Agrium’s board has been living in an alternate universe where shareholders have no desire to explore the many ways we’ve identified to unlock value,” said Jana Managing Partner Barry Rosenstein. “All along we have been speaking to shareholders and seeing a much different picture, with just about every shareholder we speak to wanting to see a serious discussion of these issues and a large and growing number who support enhancing the board so Agrium can reach its full potential.