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Hertz Stock Could Triple, According To Jana Partners Manager
Wednesday, February 4, 2015 - 5:15pm | 129Shares of Hertz Global Holdings, Inc. (NYSE: HTZ) spiked up briefly Wednesday afternoon following comments from Barry Rosenstein of the Jana Partners hedge fund. Speaking at the EnTrust Investment Summit in New York, Rosenstein expected Hertz will report financial results by June that will...
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Jana Partners May Shake Up Hertz Global Board, Shares Move Higher
Wednesday, November 19, 2014 - 6:46pm | 164Hertz Global Holdings, Inc. (NYSE: HTZ) traded higher in the after-hours session Wednesday amid news that its board may face a shake-up after Barry Rosenstein’s Jana Partners LLC filed an amended 13D with the SEC. Jana Partners disclosed to the SEC that it “has continued to have...
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Rosenstein Takes 7% Stake In Hertz Global, Urges CEO Hire
Thursday, November 6, 2014 - 5:16pm | 246Hertz Global Holdings, Inc. (NYSE: HTZ) got a letter from activist investor Barry Rosenstein Thursday urging it to name the former head of Dollar Thrifty Automotive Group Inc. as its chief executive. Jana Partners, Rosenstein's hedge fund, disclosed a 7 percent stake in Hertz in a filing...
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Jana Partners Top 5 Positions: Charter Communications, eBay, PetSmart, Walgreen, Valeant
Wednesday, November 5, 2014 - 12:29pm | 209Jana Partners, run by Barry Rosenstein, has disclosed its top five positions in a letter obtained by Bloomberg. The firm, according to their website, is a value-oriented, event-driven manager that invests, long and short, in companies undergoing or expected to undergo change. The top five...
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Report: PetSmart Set To Receive First-Round Bids
Wednesday, October 29, 2014 - 1:21pm | 178PetSmart, Inc. (NASDAQ: PETM) is likely to soon receive bids from private equity buyers Apollo, Helman & Friendman and KKR, according to a report Wednesday. Phoenix-based PetSmart put itself on the block in August after succumbing to pressure from 10 percent stake-holder Barry Rosenstein...
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Jana Partners Adds Dollar General Corp. To Portfolio
Tuesday, September 9, 2014 - 2:58pm | 244Dollar General Corp. (NYSE: DG) landed on a top-five holdings list for activist investor Barry Rosenstein's Jana Partners, according to a report Tuesday. “Dollar General was the biggest contributor to performance, as the market reacted favorably to its cash bid for Family Dollar,...
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Barry Rosenstein, Not Carl Icahn, Gets Walgreen Company Board Seat
Monday, September 8, 2014 - 9:24am | 102After rallying over six percent on Thursday and Friday on rumors of Carl Icahn being added to the board, shares of Walgreen Company (NYSE: WAG) are relatively quiet in the premarket, as the new board member turns out to be Barry Rosenstein of JANA Partners, LLC. Shares of Walgreen's jumped...
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PetSmart Confirms Exploring Sale; Beats Q2 Earnings Views
Wednesday, August 20, 2014 - 7:09am | 236PetSmart (NASDAQ: PETM) edged up in the extended session Tuesday after it confirmed a report earlier that it will explore a possible sale of the company. Separately, the company also posted second-quarter earnings that beat Street views with revenue in line with expectations. It also said it will...
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Rosenstein Makes More Noise On Sale Of PetSmart
Monday, August 4, 2014 - 11:13am | 179PetSmart (NASDAQ: PETM) moved higher Monday after a filing disclosed further efforts by activist investor Barry Rosenstein to affect a sale of the company. Rosenstein alleged that PetSmart "has sought to create the patently false impression that there is a shortage of interested acquirers...
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Rosenstein Buys 9.9% PetSmart Stake, Will Seek 'Strategic Review'
Thursday, July 3, 2014 - 9:10am | 141PetSmart (NASDAQ: PETM) shares jumped more than 15 percent in pre-market trading on news that activist investor Barry Rosenstein had acquired a 9.9 percent stake and will seek a review of strategic alternatives. Rosenstein said his Jana Partners hedge fund will hold discussions with PetSmart...
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Wall Street Gears Up For 13F Filings
Thursday, May 15, 2014 - 1:47pm | 412Traders on Wall Street will be whale watching on Thursday, as 13F filings from the likes of high-profile players such as Warren Buffett, Bill Ackman and David Tepper will be hitting the newswires. A 13F is an SEC-required document that all institutional investment managers with over $100...
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Summary of Jana Partners 13F: Aetna, Expedia and Kinder Morgan All Raised Among Others
Wednesday, May 15, 2013 - 3:24pm | 591Barry Rosenstein's JANA Partners released its 13F for Q1 Wednesday. Value of fund increased from $3.5 billion to $4.8 billion. (All units are in millions of shares) Raised: • Aetna (NYSE: AET) from 2.6 to 3.8 • Agrium (NYSE: AGU) from 9.4 to 11.2 • Big Lots (NYSE: BIG) from 0.35 to 3.75 •...
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Could Ouster of Andrew Mason Have Spurred Jana to Accumulate Stake?
Wednesday, May 15, 2013 - 1:06pm | 210Jana Partners, a hedge-fund manager founded by Barry Rosenstein, took a large stake in Groupon (NASDAQ: GRPN) this quarter, according to a 13F filing with the U.S. Securities and Exchange Commission. With a stake of just over 21.9 million shares -- valued at more than $134 million -- Jana is now...
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JANA's Letter to Agrium for Annual Holder Meeting
Tuesday, April 9, 2013 - 2:53pm | 727Barry Rosenstein, Managing Partner of JANA Partners, today made the following statement at the Annual General Meeting of Agrium Inc. ("Agrium") (NYSE: AGU) shareholders. We are Agrium's largest shareholder by far and no one has a greater interest in seeing Agrium succeed than we do. That's why...
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Jana's Rosenstein Issues New Letter to Agrium Holders, Urges Vote for Blue Proxy Card
Monday, March 25, 2013 - 5:54pm | 771JANA Partners today mailed a new letter to Agrium Inc. ("Agrium") (NYSE: AGU) shareholders. The text of the letter follows. JANA PARTNERS URGES FELLOW SHAREHOLDERS TO VOTE THE BLUE PROXY CARD OR VIF FOR ITS EXPERIENCED AND INDEPENDENT BOARD NOMINEES Further Information Available...