"The disdain for the voice of shareholders and willingness to squander millions of dollars of shareholder capital for board self-preservation that this demonstrates is stunning," said JANA Managing Partner Barry Rosenstein. "Equally stunning is Agrium's hypocrisy, given their claims of supposed broad shareholder support. We think Agrium's board should speak up and tell shareholders why spending their capital to try to buy an election is good governance or in the long-term best interests of shareholders."JANA urged all Agrium shareholders who receive voting advice from, or have given voting authority to, their broker or investment adviser to contact them immediately and ask if they are being financially compensated by Agrium for their votes. JANA also called upon brokers and financial advisers who have entered into such arrangements to immediately terminate such arrangements and to inform any client who has already voted or had their shares voted for them that Agrium has agreed to compensate such broker or financial adviser for securing their vote.
JANA Partners Notifies Shareholders Of Agrium Vote Buying Strategy
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