Activist investor Jana Partners LLC’s campaign for changes at Agrium Inc. is fueling speculation it will ultimately boost shareholder value even if it doesn’t force the fertilizer company to spin off its retail farm-supply unit.
Nautilus Minerals Inc., seeking to be the first large-scale miner of copper and gold from the ocean floor, is in talks with potential partners to sell a stake in the project off the coast of Papua New Guinea.
KGHM Polska Miedz SA, the copper miner with the largest European output, agreed to buy Canada’s Quadra FNX Mining Ltd. for about C$2.87 billion ($2.84 billion) in the largest overseas acquisition by a Polish company.
Quadra FNX Mining Ltd. is poised to secure the largest takeover price increase in North America as the cheapest copper bid on record leaves room for Vale SA or Antofagasta Plc to make a competing offer.
Agrium Inc. Chief Executive Officer Mike Wilson will meet with Jana Partners LLC today after rejecting the hedge fund’s proposal for the Canadian company to spin off its farm retail unit, two people familiar with the situation said.