OREANDA-NEWS. October 05, 2012. Agrium Inc. (TSX and NYSE: AGU) commented on the statements made by JANA Partners LLC, reported the press-centre of Agrium.

“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.

About Agrium
Agrium Inc. is a major Retail supplier of agricultural products and services in North America, South America and Australia and a leading global Wholesale producer and marketer of all three major agricultural nutrients and the premier supplier of specialty fertilizers in North America through our Advanced Technologies business unit. Agrium’s strategy is to grow across the value chain through acquisition, incremental expansion of its existing operations and through the development, commercialization and marketing of new products and international opportunities. Our strategy places particular emphasis on growth opportunities that both increase and stabilize our earnings profile in the continuing transformation of Agrium.