As long as sp continues to climb, I'm O.K. with the status quo. I'm finally back in the black after a very long time. With the drought down south, it will be interesting to see their sales to U.S. There wasn't enough rain to consume this years fertilizer. Here's mgt. take on opposition from today's NR.
Agrium Inc.: Nothing New in JANA Partners' Presentation
CALGARY, ALBERTA--(Marketwire - Oct. 1, 2012) - Agrium Inc. (TSX:AGU) (NYSE:AGU) commented today on the statements made by JANA Partners LLC.
"There is nothing new in statements made by JANA
today. Agrium remains confident that shareholders will receive far
greater value, with less risk, under the company's current strategy."
said Michael Wilson, Agrium's President and CEO.
Agrium has had several meetings with JANA since they
first contacted Agrium in late May, including meetings in New York in
early July and the last meeting held in mid-August. In early August the
Agrium Board unanimously determined it was not in the best interest of
shareholders to pursue a spinoff of Retail after having spent two months
evaluating the concept.
Agrium has met extensively with shareholders since
JANA disclosed its idea to break up Agrium. There is overwhelming
shareholder support for the continuation of Agrium's integrated
strategy.
Morgan Stanley & Co. LLC is acting as financial advisor to Agrium.
