April 4, 2013
/PRNewswire/ -- JANA Partners LLC today reminded all shareholders of Agrium Inc. (TSX / NYSE: AGU) to vote their
proxies or VIF "FOR" value-unlocking change via Internet, phone or fax by
Calgary time /
9:00am Eastern time tomorrow
. JANA Managing Partner and board nominee
also made the following statement:
"Based on the results so far, we are highly confident that real change is coming to Agrium's board. Every vote still counts, however, and we encourage all shareholders to make their voices heard by voting the
proxy or VIF well before the deadline.
It is unfortunate that Agrium management still cannot seem to imagine a board with differing views that works collaboratively to reach the right result, but not only is it possible, it is vital. A lack of differing views does not make a board strong, it makes it weak. We have seen that with Agrium's board, from a failure to ask the tough questions about costs, capital allocation, returns on investment and other matters, to its conduct in this campaign, including approving a divisive campaign of entrenchment, merely to avoid adding a minority of experienced new directors.
Despite all this, my fellow nominees and I stand ready to work collaboratively with the full board to find areas of common agreement for the benefit of all shareholders. No matter what has come before, everyone on Agrium's board will share the same goal: Doing what's best for Agrium. JANA is Agrium's largest shareholder and all of our nominees have substantial personal investments in Agrium, so no one has more interest in finding common ground than we do.