JANA's Rosenstein slams Agrium, Canadian corporate governance
By Lawrence Delevingne
Tue Apr 30, 2013
Views from Barry Rosenstein and other activist investors at the Milken Global Conference.
LOS ANGELES -- Prominent activist hedge fund investor Barry
Rosenstein of $5 billion JANA Partners won't be investing in
Canadian companies anytime soon.
(Photo: Lawrence Delevingne)
The JANA founder reflected this Tuesday on his recently failed proxy contest with Calgary-based
fertilizer maker Agrium during a discussion of activist investing at the Milken
Institute's Global Conference in Los Angeles, saying the
company's actions had cooled his view of investing in the
"There's a cost to what they did. There's a cost to
corporate governance in Canada. Will I think twice about going
back to Canada? Yeah, I would. That's not good for shareholders
or values of Canadian stocks," Rosenstein said of
TAKE A FREE TRIAL
The full contents of this article are available to Absolute Return subscribers and trialists only.
To continue reading please, take a free trial, subscribe or log in.
Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.