Canadian fertilizer company Agrium Inc has failed to prove that it should keep its two main divisions together, and also needs to cut costs and use capital more effectively, activist shareholder Jana Partners said on Thursday.Jana, the largest Agrium investor with 6 percent of shares, was rebutting a presentation the company made to sell-side analysts on Jan. 28."Nothing in Agrium's responses refutes the overall picture of a company that has historically been undervalued and underperformed its peer-weighted average, and that can unlock that value by addressing fundamental issues with the help of our highly qualified nominees," said Jana managing partner Barry Rosenstein.Agrium could not immediately be reached for comment.
Agrium Inc. (Agrium), is a global producer and marketer of nutrients for agricultural and industrial markets. Shares of AGU fell by 0.16% or $-0.18/share to $113.98. In the past year, the shares have traded as low as $74.28 and as high as $115.31. On average, 763489 shares of AGU exchange hands on a given day and today's volume is recorded at 22730.
Agrium Inc. (Agrium), is a global producer and marketer of nutrients for agricultural and industrial markets. Shares of AGU fell by 0.07% or $-0.08/share to $113.51. In the past year, the shares have traded as low as $77.50 and as high as $116.38. On average, 534060 shares of AGU.TO exchange hands on a given day and today's volume is recorded at 16283.
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