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Blame Canada: How the Country’s Rules Make it Easier for Activists to Thrive

Barry Rosenstein’s Jana Partners is the latest U.S. hedge fund to battle a company based in Canada, which is becoming increasingly popular turf with U.S.-based activists.

Barry Rosenstein, who generally likes to position himself as a friendly activist, has told Canadian fertilizer company Agrium that he plans to launch a proxy fight. The founder of hedge fund Jana Partners has proposed five director candidates — including himself — for the board of directors of the company. How

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