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Jana Partners Acquires Almost 9-Percent Stake In Whole Foods; Wants Retailer To Speed Up Turnaround

April 11, 2017: 12:00 AM EST
Activist investor Jana Partners LLC has acquired an 8.8-percent stake in specialty retailer Whole Foods Market Inc. Apparently not satisfied with the retailer's current directions, Jana Partners wants Whole Foods to speed up its turnaround efforts and to consider the likelihood of being acquired by another company. Whole Foods has so far failed to transform itself from being a popular niche player into a large, national retail chain. Since peaking in 2013, the retailer's stock has lost almost half of its market value.
David Benoit et al., "Activist Investor Jana Partners Takes Nearly 9% Stake in Whole Foods", The Wall Street Journal, April 11, 2017, © Dow Jones & Company, Inc.
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