Monday, 1 September 2014
Last updated 2 days ago
Apr 8 2013 | 11:24am ET
Jana Partners claims to have won a mixed result in its proxy battle with Canadian fertilizer company Agrium Inc.
Agrium shareholders elected two of Jana's five nominees to the company's 13-member board, the New York-based activist hedge fund said today. Among the victors are the firm's managing partner, Barry Rosenstein.
Jana said its success came in spite of calls by Agrium to shareholders who had voted for the hedge fund's slate, urging them to change their votes even after Friday's deadline. Agrium is allowed to extend the deadline without notice if it will help the current board members win re-election, Jana said.
"While only Agrium knows the vote results for both sides, based on the number of votes received by these nominees and the typical turnout for contested Canadian elections, and leaving aside the potential impact of Agrium's offer to pay financial advisers and brokers for favorable votes, it appears that both will be elected," Jana said.
Agrium said it was "very confident" its nominees would prevail and that Jana was "spreading misinformation."
Jana owns a 7.5% stake in Agrium.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...