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JANA Partners Raises Stake in Agrium, Inc. (AGU) to 6.19%, Files 13D

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JANA Partners Announces Candidates for Agrium (AGU) Board

November 19, 2012 6:54 AM EST

JANA Partners LLC announced four independent director candidates it intends to propose together with JANA Managing Partner Barry Rosenstein for election to the Board of Agrium Inc. (NYSE: AGU): David Bullock, Stephen Clark, Mitchell Jacobson, and The Honourable Lyle Vanclief. JANA believes that these individuals will add critical oversight to a Board that for years has tolerated suboptimal capital allocation, failure to manage costs, structural issues, lack of transparency, and share price underperformance relative to a weighted average of Agrium's peers and to its potential. JANA, which was already Agrium's largest shareholder, also... More