Agrium case for staying together flawed - Jana

Thu Feb 7, 2013 9:11am EST

Feb 7 (Reuters) - Canadian fertilizer company Agrium Inc has failed to prove that it should keep its two main divisions together, and also needs to cut costs and use capital more effectively, activist shareholder Jana Partners said on Thursday.

Jana, the largest Agrium investor with 6 percent of shares, was rebutting a presentation the company made to sell-side analysts on Jan. 28.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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