Subscribe
Business

Agrium nominees elected to the board

By Rob Gillies
Published
Add Washington Examiner on Google

TORONTO (AP) — Agrium’s management defeated Tuesday an activist investor’s attempt to change the strategy of the fertilizer company after Agrium’s entire management slate of nominees were elected to the company’s board of directors.

Jana, a New York hedge fund and Agrium Inc.’s biggest shareholder, is pushing for changes at Agrium, including spinning off its retail operations into a separate company. Jana had proposed a slate of five nominees for the board, but all 12 of the Agrium’s nominees were elected to the board, shutting out Jana’s nominees.

Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.

Full midterm coverage.Deeper analysis.

Get unlimited access to Washington Examiner's reporting, expert analysis, and coverage of the midterm elections.

Get Unlimited Access

Cancel anytime.