Splitting Agrium would destroy value, so won't happen - CEO

Mon Jan 28, 2013 9:03am EST
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Jan 28 (Reuters) - Canadian fertilizer company Agrium Inc won't split its wholesale and retail divisions as its biggest shareholder, Jana Partners, wants because it would "destroy value" for shareholders, Chief Executive Officer Mike Wilson said on Monday.

Wilson was speaking in New York to Agrium's sell-side analysts in an attempt to blunt Jana's move to replace part of Agrium's board and effect changes it says would increase returns to investors.