NEWS
Tue Aug 14, 2012 07:01 AM CDT

(Dow Jones) -- A hedge fund that has shaken up large players from Marathon Petroleum Corp. to McGraw-Hill Cos. has found its next target: Agrium Inc., a $15 billion Canadian fertilizer company.

Activist investor Jana Partners LLC has picked up a large stake in Agrium, increasing pressure on the company to cut costs and spin off its retail-distribution arm, people familiar with the discussions said.

Jana, which was founded in 2001, has had a string of recent successes in urging companies to focus on a few core business areas. Earlier this year, Marathon Petroleum said it would explore spinning off ...

Quick View
Related News Stories
Seed Money for Rural America
Remove Barriers by Building
Ag Giants Sow Venture-Capital Seed
Senior Partners - 1