SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D**
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Agrium, Inc.
(Name of Issuer)
Common Shares, $.01 Par Value
(Title of Class of Securities)
008916108
(Cusip Number)
W. Robert Cotham
201 Main Street, Suite 2600
Fort Worth, Texas 76102
(817) 390-8400
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
April 24, 1998
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
**The total number of shares reported herein is 7,451,844 shares, which
constitutes approximately 5.9% of the total number of shares outstanding. All
ownership percentages set forth herein assume that there are 126,665,712 shares
outstanding.
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1. Name of Reporting Person:
TMI-FW, Inc.
2. Check the Appropriate Box if a Member of a Group:
(a) / /
(b) / X /
3. SEC Use Only
4. Source of Funds: Not Applicable
5. Check box if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e):
/ /
6. Citizenship or Place of Organization: Texas
7. Sole Voting Power: 7,451,844 (1) (2)
Number of
Shares
Beneficially 8. Shared Voting Power: -0-
Owned By
Each
Reporting 9. Sole Dispositive Power: 3,925,372 (1)(2)
Person
With
10. Shared Dispositive Power: -0-
11. Aggregate Amount Beneficially Owned by Each Reporting Person:
7,451,844 (2)
12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares:
/ /
13. Percent of Class Represented by Amount in Row (11): 5.9%
14. Type of Reporting Person: CO
- ----------
(1) Power is exercised through its President, Thomas M. Taylor.
(2) The shares were purchased by Ontario Teachers' Pension Plan Board and
Tundra Investors, L.P. TMI-FW, Inc. has sole voting power over 7,451,844
of these shares and sole voting and dispositive power over 3,364,601 of
these shares pursuant to an account management agreement with Ontario
Teachers' Pension Plan Board and sole voting and dispositive power over
560,771 of these shares pursuant to an account management agreement with
Tundra Investors, L.P. Accordingly, Ontario Teachers' Pension Plan Board
has no beneficial ownership over 3,364,601 of such shares and Tundra
Investors, L.P. has no beneficial ownership over any of the 560,771 shares
held in its account with TMI-FW, Inc.
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1. Name of Reporting Person:
Thomas M. Taylor
2. Check the Appropriate Box if a Member of a Group:
(a) / /
(b) / X /
3. SEC Use Only
4. Source of Funds: Not Applicable
5. Check box if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e):
/ /
6. Citizenship or Place of Organization: USA
7. Sole Voting Power: 7,451,844 (1)
Number of
Shares
Beneficially 8. Shared Voting Power: -0-
Owned By
Each
Reporting 9. Sole Dispositive Power: 3,925,372 (1)
Person
With
10. Shared Dispositive Power: -0-
11. Aggregate Amount Beneficially Owned by Each Reporting Person:
7,451,844 (1)
12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares:
/ /
13. Percent of Class Represented by Amount in Row (11): 5.9%
14. Type of Reporting Person: IN
- ----------
(1) Solely in his capacity as President of TMI-FW, Inc.
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1. Name of Reporting Person:
Ontario Teachers' Pension Plan Board
2. Check the Appropriate Box if a Member of a Group:
(a) / /
(b) / X /
3. SEC Use Only
4. Source of Funds: 00-Other
5. Check box if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e):
/ /
6. Citizenship or Place of Organization: Ontario, Canada
7. Sole Voting Power: -0-
Number of
Shares
Beneficially 8. Shared Voting Power: -0-
Owned By
Each
Reporting 9. Sole Dispositive Power: 3,526,472 (1)
Person
With
10. Shared Dispositive Power: -0-
11. Aggregate Amount Beneficially Owned by Each Reporting Person:
3,526,472
12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares:
/ /
13. Percent of Class Represented by Amount in Row (11): 2.8%
14. Type of Reporting Person: CO
- ----------
(1) Pursuant to an account management agreement with TMI-FW, Inc., TMI-FW,
Inc. has sole voting power over these shares.
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Pursuant to Rule 13d-2(a) of Regulation 13D-G of the General Rules and
Regulations under the Securities Exchange Act of 1934, as amended (the "Act"),
the undersigned hereby amend their Schedule 13D Statement dated December 19,
1997 (the "Schedule 13D"), relating to the Common Stock, $.01 par value, of
Agrium, Inc. Unless otherwise indicated, all defined terms used herein shall
have the same meanings respectively ascribed to them in the Schedule 13D.
Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Item 3 is hereby amended and restated in its entirety as follows:
The source and amount of the funds used or to be used by the Reporting
Persons to purchase shares of the Stock are as follows:
REPORTING PERSON SOURCE OF FUNDS AMOUNT OF FUNDS
TMI Not Applicable (1) Not Applicable (1)
TMT Not Applicable Not Applicable
Teachers Pension Fund Assets $79,473,384.52 (2)
(1) TMI has not expended any of its funds for purchases of the shares
of Stock reported herein. 560,771 shares of the Stock were purchased on behalf
of Tundra Investors, L.P. ("Tundra") and are held in an account managed by TMI
(the "Tundra Account") over which TMI has sole dispositive and sole voting power
pursuant to an account management agreement with Tundra. TMI expended
$6,759,453.66 of Tundra's partnership contributions to purchase such shares,
which represents the U.S. dollar equivalent as of the date of each purchase.
(2) This figure represents the total amount expended by Teachers for
all purchases of shares of the Stock, including those held in an account managed
by TMI on behalf of Teachers (the "Teachers Account") in which TMI has sole
beneficial ownership pursuant to an account management agreement with Teachers.
For shares purchased directly by Teachers through December 22, 1997, Canadian
dollars are converted to U.S. dollars based on the exchange rate for December
22, 1997(in the case of purchases through the date of the original Schedule 13D
filing) and for the date of purchase (in the case of purchases thereafter
through the date of this Amendment); for shares purchased by TMI for the
Teachers Account, Canadian dollars are converted to U.S. dollars based on the
exchange rate in effect for the date of the purchase.
Item 4. PURPOSE OF TRANSACTION.
Item 4 is hereby amended by adding at the end thereof the following:
As described in the Issuer's recent press release, the Issuer will
nominate Thomas M. Taylor for election to the Issuer's Board of Directors at the
Issuer's annual meeting of shareholders on May 6, 1998.
Except as set forth in this Item 4, the Reporting Persons have no
present plans or proposals that relate to or that would result in any of the
actions specified in clauses (a) through (j) of Item 4 of Schedule 13D of the
Act.
Item 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is hereby amended and restated in its entirety as follows:
(a)
TMI
Pursuant to an account management agreement with Teachers, the aggregate
number of shares that TMI owns beneficially, pursuant to Rule 13d-3 of the Act,
is 6,891,073. Pursuant to an account management agreement with Tundra, the
aggregate number of shares that TMI owns beneficially, pursuant to Rule 13d-3
of the Act, is 560,771, which, together with the 6,891,073 shares it owns
beneficially pursuant to the account management agreement with Teachers,
constitutes approximately 5.9% of the outstanding shares of the Stock.
TMT
Because of his position as the President and sole stockholder of TMI,
TMT may, pursuant to Rule 13d-3 of the Act, be deemed to be the beneficial owner
of 7,451,844 shares of the Stock, which constitutes approximately 5.9% of the
outstanding shares of the Stock.
Teachers
The aggregate number of shares of the Stock that Teachers owns
beneficially, pursuant to Rule 13d-3 of the Act, is 3,526,472, which constitutes
approximately 2.8% of the outstanding shares of the Stock.
To the best of the knowledge of each of the Reporting Persons, other
than as set forth above, none of the persons named in Item 2 herein is the
beneficial owner of any shares of the Stock.
(b)
TMI
Pursuant to an account management agreement with Teachers, and acting
through its President and sole stockholder, TMT, TMI has the sole power to vote
or to direct the vote of 6,891,073 shares of the Stock, and the sole power to
dispose or to direct the disposition of 3,364,601 shares of the Stock. Pursuant
to an account management agreement with Tundra, and acting through its President
and sole stockholder, TMT, TMI has the sole power to vote or to direct the vote
and to dispose or to direct the disposition of 560,771 shares of the Stock.
TMT
As the President and sole stockholder of TMI, TMT has the sole power to
vote or to direct the vote of 7,451,844 shares of the Stock and the sole power
to dispose or to direct the disposition of 3,925,372 shares of the Stock.
Teachers
Teachers has the sole power to dispose or to direct the disposition of
3,526,472 shares of the Stock. Teachers has no power to vote or direct the vote
of any shares of the Stock.
(c) During the past 60 days, the following Persons have purchased and
sold shares of the Stock in transactions on the Toronto Stock Exchange and the
New York Stock Exchange, as follows:
NO. OF SHARES PRICE PER
PERSON DATE PURCHASED OR SOLD SHARE
Teachers(1) 02-26-98 14,900 (S) $13.24
Teachers(1) 02-26-98 14,712 (S) 13.14
Teachers(1) 02-27-98 13,700 (S) 13.20
Teachers(2) 02-27-98 34,286 (P) 13.23
Tundra (3) 02-27-98 5,714 (P) 13.23
Teachers(2) 02-27-98 29,143 (P) 13.27
Tundra (3) 02-27-98 4,857 (P) 13.27
Teachers(1) 03-03-98 81,800 (S) 13.33
Teachers(2) 03-03-98 85,714 (P) 13.34
Tundra (3) 03-03-98 14,286 (P) 13.34
Teachers (2) 03-03-98 70,114 (P) 13.33
Tundra (3) 03-03-98 11,686 (P) 13.33
Teachers(1) 03-19-98 17,800 (S) 13.30
Teachers(1) 03-19-98 12,300 (S) 13.29
Teachers(1) 03-20-98 17,400 (S) 13.37
Teachers(1) 03-20-98 12,100 (S) 13.38
Teachers(2) 03-24-98 21,429 (P) 13.66
Teachers(2) 03-24-98 85,714 (P) 13.66
Tundra (3) 03-24-98 14,286 (P) 13.66
Teachers(2) 03-24-98 5,057 (P) 13.66
Tundra (3) 03-24-98 3,571 (P) 13.66
Tundra (3) 03-24-98 843 (P) 13.66
Teachers(1) 03-25-98 35,000 (P) 13.82
Teachers(2) 03-25-98 28,543 (P) 13.78
Tundra (3) 03-25-98 4,757 (P) 13.78
Teachers (2) 03-25-98 55,714 (P) 13.82
Tundra (3) 03-25-98 9,286 (P) 13.82
Teachers (2) 03-25-98 34,286 (P) 13.82
Tundra (3) 03-25-98 5,714 (P) 13.82
Teachers (1) 03-26-98 8,100 (S) 14.12
Teachers(1) 03-26-98 9,300 (S) 14.10
Teachers(1) 03-26-98 12,500 (P) 13.92
Teachers(2) 03-26-98 32,143 (P) 13.91
Tundra (3) 03-26-98 5,357 (P) 13.91
Teachers(2) 03-26-98 1,371 (P) 14.02
Tundra (3) 03-26-98 229 (P) 14.02
Teachers(1) 03-27-98 5,000 (P) 14.20
Teachers(1) 03-27-98 5,000 (P) 14.14
Teachers(2) 03-27-98 4,286 (P) 14.14
Tundra (3) 03-27-98 714 (P) 14.14
Teachers(2) 03-27-98 17,143 (P) 14.19
Tundra (3) 03-27-98 2,857 (P) 14.19
Teachers(2) 03-27-98 4,886 (P) 14.19
Tundra (3) 03-27-98 814 (P) 14.19
Teachers(2) 03-30-98 24,686 (P) 14.08
Tundra (3) 03-30-98 4,114 (P) 14.08
Teachers(2) 03-30-98 16,543 (P) 14.09
Tundra (3) 03-30-98 2,757 (P) 14.09
(1) Shares were purchased and sold with Canadian dollars. The price per
share listed reflects the U.S. dollar equivalent on the date of the transaction.
(2) The shares were purchased and sold on behalf of Teachers in the
Teachers Account over which TMI has sole voting and dispositive power.
Accordingly, Teachers has no beneficial ownership in any of such shares. Shares
were purchased or sold with Canadian or U.S. dollars. In the case of purchases
or sales in Canadian dollars, the price per share listed reflects the U.S.
dollar equivalent on the date of the transaction.
(3) The shares were purchased and sold on behalf of Tundra in the
Tundra Account over which TMI has sole voting and dispositive power.
Accordingly, Tundra has no beneficial ownership in any of such shares. Shares
were purchased or sold with Canadian or U.S. dollars. In the case of purchases
or sales in Canadian dollars, the price per share listed reflects the U.S.
dollar equivalent on the date of the transaction.
Except as set forth in this paragraph (c), to the best of the knowledge
of each of the Reporting Persons, none of the persons named in response to
paragraph (a) has effected any transactions in shares of the Stock during the
past 60 days.
(d) Except as set forth herein, each of the Reporting Persons affirms
that no person other than such Reporting Person has the right to receive or the
power to direct the receipt of dividends from, or the proceeds from the sale of,
the shares of the Stock owned by such Reporting Person.
(e) Not Applicable.
Item 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 99.1 -- Agreement and Power of Attorney pursuant to Rule
13d-1(k)(1)(iii), previously filed.
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After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
DATED: April , 1998
TMI-FW, INC.
By: /s/ W.R. Cotham
W.R. Cotham,
Vice President
ONTARIO TEACHERS' PENSION PLAN BOARD,
an Ontario, Canada corporation
By: /s/ W.R. Cotham
W.R. Cotham,
Attorney-in-Fact for:
CLAUDE LAMOUREUX (1)
/s/ W.R. Cotham
W.R. Cotham
Attorney-in-Fact for:
THOMAS M. TAYLOR (2)
(1) A Power of Attorney authorizing W.R. Cotham, et al., to act on behalf
of Claude Lamoureux previously has been filed with the Securities and
Exchange Commission.
(2) A Power of Attorney authorizing W.R. Cotham, et al., to act on behalf
of Thomas M. Taylor previously has been filed with the Securities and
Exchange Commission.
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EXHIBIT INDEX
EXHIBIT DESCRIPTION
99.1 Agreement and Power of Attorney pursuant to Rule 13d-1(k)(1)(iii),
previously filed.
