The Canadian Press
CALGARY - Jana's lead partner says a shareholder vote at Agrium Inc. (TSX:AGU) has been "tainted" and there should be an investigation.
Barry Rosenstein told the Agrium shareholder meeting in Calgary that it appeared on Friday that there were sufficient votes to elect two of Jana's nominees to the company's board.
But Rosenstein said that by Sunday enough votes for him and David Bullock had been revoked to prevent them from winning seats on the board.
He says there should be an investigation into what happened during the weekend when the pre-meeting proxy votes were counted.
New York-based Jana, which has spent more than $1 billion for a 7.5 per cent stake in Agrium, has made a number of proposals for change at the company.
The activist investor had sought to have five of nominees elected to Agrium's board of 12 people.