14 August 2012 19:09 [Source: ICIS news]
TORONTO (ICIS)--A break-up of Agrium into separate wholesale and retail businesses would not result in better value for shareholders, an investor in the Canada-based fertilizer major said on Tuesday.
“It’s not obvious to me that you would create a whole bunch of value” by breaking the company up, said Bruce Campbell, president of Campbell & Lee Investment Management, an Oakville, Ontario-based investment firm that holds a stake in Agrium.
Agrium’s share price was up 0.5% to Canadian dollar (C$) 96.04 at 13:30 hour Toronto time on the Toronto Stock Exchange.
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