Agrium talks with activist ValueAct 'friendly' -CEO

Tue Nov 4, 2014 12:25pm EST
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WINNIPEG, Manitoba Nov 4 (Reuters) - Talks between Agrium Inc and activist shareholder ValueAct Capital have been "friendly," Agrium Chief Executive Chuck Magro said on Tuesday, adding that the hedge fund has said it likes the Canadian fertilizer company's strategic plan.

ValueAct on Oct. 24 disclosed it had bought a 5.7 percent stake in the company, one and a half years after Agrium won a proxy battle with another activist aimed at breaking up the company. (Reporting by Rod Nickel in Winnipeg, Manitoba; Editing by James Dalgleish)