Agrium comments on information published by JANA

theflyonthewall.com

Agrium "set the record straight on information published yesterday by JANA: JANA continues to promote the "portfolio-weighted composite" that is not used by any of the 29 equity research analysts that cover Agrium. Agrium has maintained from the very beginning that JANA's "portfolio-weighted composite" is not a measure of performance that Agrium uses or accepts. Presentation of this concept by Agrium was simply to illustrate the misinformation in what JANA was advocating. JANA cannot claim credit for Agrium's share price gains over the last year. This is an empty claim that ignores the fact that Agrium has reported record earnings in each of the past two years." Agrium also says "Most importantly, JANA once again has not provided any analysis to support how its break-up plan or other ideas could create shareholder value."

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