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Monday, January 28, 2013

Splitting Agrium would destroy value, so won't happen - CEO, (NYSE: AGU), (TSE: AGU.TO)

Canadian fertilizer company Agrium Inc won't split its wholesale and retail divisions as its biggest shareholder, Jana Partners, wants because it would "destroy value" for shareholders, Chief Executive Officer Mike Wilson said on Monday. Wilson was speaking in New York to Agrium's sell-side analysts in an attempt to blunt Jana's move to replace part of Agrium's board and effect changes it says would increase returns to investors.

Agrium Inc. (Agrium), is a global producer and marketer of nutrients for agricultural and industrial markets. Shares of AGU remained unchanged at $114.63. In the past year, the shares have traded as low as $74.28 and as high as $115.08. On average, 771053 shares of AGU exchange hands on a given day and today's volume is recorded at 0.

Agrium Inc. (Agrium), is a global producer and marketer of nutrients for agricultural and industrial markets. Shares of AGU traded higher by 1.28% or $1.46/share to $115.36. In the past year, the shares have traded as low as $77.50 and as high as $115.44. On average, 538770 shares of AGU.TO exchange hands on a given day and today's volume is recorded at 0.



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