Jana Partners says it believes it has enough votes to get two of its five nominees elected to the board of Agrium Inc. at Tuesday’s annual meeting.
The New York hedge fund, which has been in a bitter proxy fight with Agrium management, says it believes both managing partner Barry Rosenstein and another of its nominees, David Bullock, had enough votes as of Friday’s deadline.
However, Jana says that some shareholders who supported its nominees tell of having been contacted after the deadline and being asked switch their vote.
It says Agrium’s meeting rules permit it to extend the voting deadline without public notice if doing so would help the current board win re-election.
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