Hedge fund calls for breakup of Agrium

Wilson: Keeping current strategy. Hedge fund Jana Partners (New York) has urged Agrium management to split off its retail segment. Jana co-founder Barry Rosenstein made the comments at the New York Value Investing Congress meeting last week. “By pairing retail, which is a stable agricultural distribution business, with wholesale, which is a volatile, commodity-linked fertilizer business, Agrium has obscured retail’s true value while generating no meaningful synergies from this combination,” Jana says. Jana, which owns a 4% stake in Agrium, says...

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