Agrium Successfully Holds Jana at Bay During AGM Vote

The Calgary Herald reported that Agrium was successful in holding  activist shareholder Jana Partners LLC at bay during their recent AGM, with all of Jana’s nominees rejected in the board elections.

As quoted in the market report:

Though Jana — Agrium’s largest shareholder with a 7.5 per cent stake in the  company — had gone into Tuesday’s meeting stating they believed they had enough  votes to secure two spots on the board, it did not play out that way. Agrium  reported that the Jana nominee who received the most votes was Rosenstein  himself with 53 million, and no Agrium nominee received fewer than 59 million  votes.

To view the whole Calgary Herald report, click here.