#proxy battle

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[ryanmjhayes-blog]

Agrium Shareholders Choose Company’s Board Slate over Dissident’s In The Latest Proxy Battle

Agrium Inc.’s 12 director board slate has been voted in over the two directors Jana Partners, an activist fund, has been lobbying for.

  Since last summer, the Agrium board and Jana Partners have been fighting over the company’s performance. The accusations got rather aggressive up to today’s vote. The Globe and mail reports, “Right to the last minute, both sides were appealing to shareholders to back their positions. Agrium said Jana was using ‘Trojan horse tactics’ to sneak directors into the company to pursue a breakup strategy. Jana accused Agrium of ‘buying votes’ after Agrium quietly offered a fee to brokers for every share that retail investors voted for the company’s slate.”

  Even if Jana Partners did not succeed in the proxy battle, did they still affect change? Well, Agrium has raised its dividend since Jana Partners has come on the scene (Agrium outright denies this was because of Jana). Perhaps the board under this new pressure is still considering the split that Jana Partners is proposing?

Read more below:

http://www.theglobeandmail.com/report-on-business/agrium-shareholder-vote-tainted-jana-charges/article10944203/

http://www.marketwire.com/press-release/agrium-shareholders-re-elect-all-12-incumbent-nominees-to-agriums-board-tsx-agu-1777010.htm

[shortformblog]

What's next in the Wisconsin Supreme Court election dramarama?

state Despite the much-wider difference in vote count after Waukesha County's tally suddenly jumped, it's still close enough that a statewide recount could take place.

county Another option, which would cost JoAnne Kloppenburg money, would be a recount in Waukesha County alone. Incumbent Justice David Prosser is open to this.

federal And some, including U.S. Rep. Tammy Baldwin, a Democrat, want Attorney General Eric Holder to scrutinize Waukesha County's results. Which would be fun. source

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[shortformblog]

Hotly-contested Wisconsin judicial election faces recount

vote A vote for a State Supreme Court seat between incumbent David Prosser and Assistant Attorney General JoAnne Kloppenburg ended with fewer than 600 votes separating Prosser and the progressive Kloppenburg.

importance The vote is a key one — and a proxy battle — for Scott Walker, whose contentious anti-collective-bargaining act will likely face the State Supreme Court. The court currently favors conservatives to liberals, 4 to 3. source