ISS Recommends that Agrium Shareholders Vote the BLUE Proxy
Further Information Available at www.JANAAguAnalysis.com
NEW YORK, NY, March 27, 2013 /PRNewswire/ - JANA Partners LLC today released the following statement in response to attacks by Agrium Inc. ("Agrium") (TSX / NYSE: AGU) on leading proxy advisory services firm Institutional Shareholder Services ("ISS"), which today stated that JANA had made a "compelling" case for change at Agrium and which strongly endorsed JANA nominees Barry Rosenstein and David Bullock for election to Agrium's board of directors.
"This is more of the same from Agrium's board, attacking anyone who dares to challenge them, making unfounded assertions, and claiming to speak for shareholders when they don't like what they are hearing from them. The truth, while not to Agrium's liking, is still quite clear:
"Agrium can stop claiming to speak for shareholders, who are more than capable of speaking for themselves and will have their voices heard on April 9th. We are hopeful that they will follow the recommendations of North America's leading proxy advisory firm, which noted the entrenched and insular reaction of Agrium's board to new ideas and outside voices in making their recommendation for our highly qualified and independent nominees. Agrium's continued attacks on anyone who airs a different view only serve to reinforce that point. We look forward to putting new directors in place that will work towards value creation for all shareholders."
VOTE THE BLUE PROXY OR VIF "FOR" UNLOCKING AGRIUM'S SUBSTANTIAL VALUE CREATION POTENTIAL
SOURCE JANA Partners