OTTAWA (dpa-AFX) - Agrium Inc. (AGU, AGU.TO) Wednesday released a statement confirming that it held a meeting with JANA Partners LLC, one of its shareholders, to discuss the proposal to spin off farm supply retail operations.
Agrium, a Calgary-based fertilizer producer, said it carefully considered JANA's proposal and has unanimously determined that a spin-off would not be in the best interests of the company or its shareholders.
Agrium said it is confident that it has an effective long-term strategy to create sustainable value for shareholders. Agrium believes the performance and value of its Retail operations will continue to be maximized within the existing structure.
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