WRAPUP 2-Agrium sweeps proxy vote, Jana cries foul

Tue Apr 9, 2013 5:27pm EDT
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* All Agrium board candidates win election

* Jana says votes for its candidates revoked after deadline

* Agrium shares fall around 3 percent (Recasts with CEO's comments, details)

By Scott Haggett

CALGARY, Alberta, April 9 (Reuters) - Fertilizer company Agrium Inc fended off a bid by its biggest shareholder, Jana Partners LLC, to break up the company as a bitter proxy battle ended on Tuesday with Agrium winning a clean sweep in a board election that Jana dismissed as tainted.

Agrium said the vote was "fair and square".

Shares of Agrium, the world's third largest nitrogen producer and the largest farm retailer in the United States, fell nearly 3 percent in New York and Toronto after the results of the Canadian company's board election were known.

"They obviously chose the wrong target," said Agrium Chief Executive Mike Wilson after the company told its annual meeting in Calgary, Alberta, that shareholders had elected all 12 of its candidates and none of the five nominated by Jana.

"Our performance has been very strong and our shareholders backed us up," Wilson said.   Continued...