Activist investor Jana takes $134 million Jack inside Box stake

Jack inside Box stock popped over 3 percent after a filing through Jana Partners on Tuesday revealed the firm bought 1.3 million shares inside quick-service restaurant chain.

Jana’s stake in Jack inside Box was worth $134 million as of the end of September, according to the SEC filing.

The firm is actually an activist hedge fund of which earlier of which year took a big stake in Whole Foods as well as pushed of which to consider a sale. Jana cashed out of of which 8.2 percent stake in July for $300 million after Whole Foods agreed to be acquired by Amazon.com.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

fifteen − 7 =