JANA Partners

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JANA Files List of Improvements for Whole Foods

Filing: https://www.sec.gov/Archives/edgar/data/865436/000090266417001927/p17-0978sc13d.htm PURPOSE OF TRANSACTION. The Reporting Persons acquired the Shares because they believe the Shares are undervalued and represent an attractive investment opportunity. JANA has substantial experience analyzing and investing in the grocery sector and more broadly across the food and retail sectors, and the other Reporting Persons collectively possess significant operational, financial and nutritional…

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JANA Takes Activist Stake in Team Health ($3.2B)

JANA Partners disclosed ownership of 5.984M shares (8.1%) acquired at an average cost of $39.10 per share or 12% below current price of $44.49. PURPOSE OF TRANSACTION. The Reporting Persons acquired the Shares because they believe the Shares are undervalued and represent an attractive investment opportunity. JANA believes that the Issuer has made missteps in…

Qualcomm to Clean up its Act

Qualcomm Incorporated today announced it has initiated a Strategic Realignment Plan designed to improve execution, enhance financial performance and drive profitable growth as the Company works to create sustainable long-term value for stockholders. The Company also announced that it has entered into an agreement with JANA Partners pursuant to which Mark McLaughlin and Tony Vinciquerra…

JANA Partners Supports Thomson to be Hertz’s CEO

November 6, 2014  Board of Directors Hertz Global Holdings, Inc. 999 Vanderbilt Beach Road, 3rd floor Naples, FL 34108 c/o: Linda Fayne Levinson, Independent Non-Executive Chair of the Board  Ladies & Gentlemen,  JANA Partners LLC (“we” or “us”) beneficially owns approximately 7% of the outstanding shares of Hertz Global Holdings, Inc. (“Hertz” or the “Company”). We…

JANA Gets Involved with Hertz

(Market Cap $9B; JANA owns 7%; The 32,046,708 shares (including options to purchase 11,378,815 Shares) reported herein by the Reporting Person were acquired at an aggregate purchase price of approximately $579 million. ) The Reporting Person acquired the Shares because it believes the Shares are undervalued and represent an attractive investment opportunity. The Reporting Person has…

PetSmart to Seek Strategic Alternatives

PetSmart, Inc. announced that based on a thorough business review that began last spring (yeah right..), the Board of Directors has determined that it will explore strategic alternatives for the Company to maximize value for shareholders, including a possible sale of the Company. The Board has been working with JP Morgan Securities LLC and Wachtell,…

Jana Receives an Anonymous Package on PetSmart

  August 18, 2014   Board of Directors PetSmart, Inc. 19601 North 27th Avenue Phoenix, Arizona 85027 Attention:                 David K. Lenhardt, President and Chief Executive Officer Gregory P. Josefowicz, Chairman of the Board Paulette Dodson, Senior Vice President, General Counsel and Secretary   Ladies and Gentlemen,  On August 14, 2014, JANA Partners LLC (“we” or “us”) received in the mail…

JANA Sends Another Letter to PetSmart

  August 12, 2014  Board of Directors PetSmart, Inc. 19601 North 27th Avenue Phoenix, Arizona 85027 Attention: David K. Lenhardt, President and Chief Executive Officer  Ladies and Gentlemen,  JANA Partners LLC (“we” or “us”) and other shareholders have called upon PetSmart, Inc. (“PetSmart” or the “Company”) to conduct a review of all strategic alternatives, including a…

JANA Sends a Warning to PetSmart Board

  August 4, 2014  Board of Directors PetSmart, Inc. 19601 North 27th Avenue Phoenix, Arizona 85027 Attention: David K. Lenhardt, President and Chief Executive Officer  Ladies and Gentlemen,  As you know, JANA Partners LLC (“we” or “us”) and other shareholders have called upon PetSmart, Inc. (“PetSmart” or the “Company”) to conduct a review of all strategic…

JANA Sends Letter to PetSmart Board Demanding Sale

      July 29, 2014   Board of Directors PetSmart, Inc. 19601 North 27th Avenue Phoenix, Arizona 85027 Attention: David K. Lenhardt, President and Chief Executive Officer Ladies and Gentlemen, JANA Partners LLC (“we” or “us”) beneficially owns 9.8% of the outstanding shares of PetSmart, Inc. (“PetSmart” or the “Company”), making us its largest shareholder…

Jana Partners Files 13D on PetSmart

PURPOSE OF TRANSACTION. The Reporting Person acquired the Shares because it believes the Shares are undervalued and represent an attractive investment opportunity. The Reporting Person intends to have discussions with the Issuer’s board of directors and management regarding: a review of strategic alternatives including exploring a sale of the Issuer; improving operating performance; the Issuer’s…

JANA Files 13D on Recent Spin Civeo

PURPOSE OF TRANSACTION. The Reporting Person acquired the Shares in a spin-off of the Issuer from Oil States and believes that the Shares are undervalued and represent an attractive investment opportunity. The Reporting Person has had and may continue to have discussions with the Issuer’s management regarding a potential REIT conversion, the Issuer’s capital structure…

URS Settles with JANA

(Market Cap $3.3B) URS Corporation today announced that it will add four new independent directors to its Board of Directors, effective March 27, 2014. These four directors will be on URS’ slate of directors nominated for election to the Board of Directors at the Company’s 2014 Annual Meeting, along with eight incumbents, pursuant to an…

JANA Ups its Stake in QEP

(Market Cap $5.3B; JANA has upped its stake in QEP from 7.6% to 9.5% and the Fund’s average cost now is $29.33 per share, exactly where the stock closed today; As a reminder JANA had sent QEP a letter on 11/13/2013, asking the company to institute governance changes, spin off its midstream business and pursue…

JANA Follows Up on QEP Resources

    November 13, 2013 Board of Directors (the “Board”) QEP Resources, Inc. 1050 17th Street, Suite 500 Denver, Colorado 80265 Attention: Myles W. Scoggins, Lead Director Dear Mr. Scoggins, JANA Partners LLC (“we” or “us”) owns 7.6% of the outstanding shares of QEP Resources, Inc. (“QEP” or the “Company”), making us QEP’s largest shareholder based…

JANA Sends a Detailed Letter to QEP Resources Board

(Market Cap $5.6 B)     October 21, 2013   Board of Directors (the “Board”) QEP Resources, Inc. 1050 17th Street, Suite 500 Denver, Colorado 80265 Attention: Charles B. Stanley, CEO Ladies & Gentlemen, JANA Partners LLC (“we” or “us”) beneficially owns 7.5% of the outstanding shares of QEP Resources, Inc. (“QEP” or the “Company”)….

JANA Slashes Agrium Position & Explains Why

(Market Cap $12.11 B; JANA’s ownership is down to 2.7%) Item 4 of the Schedule 13D is hereby amended and supplemented by the addition of the following: In the course of managing its overall portfolio, the Reporting Person has reduced the size of its investment in the Shares of the Issuer. While the Reporting Person…

JANA Partners Files 13D on Outerwall Inc.

(Market Cap $1.6 billion; JANA owns 13.5% at an average cost of $54.24 per share) The Reporting Person acquired the Shares because it believes the Shares are undervalued and represent an attractive investment opportunity. The Reporting Person intends to have discussions with the Issuer’s board and management regarding: a review of strategic alternatives including exploring…

JANA Files 13D on Safeway

(Market Cap $7.2 billion; JANA has disclosed a 6.2% ownership which includes options) The Reporting Person acquired the Shares because it believes the Shares are undervalued and represent an attractive investment opportunity. The Reporting Person has had and may continue to have discussions with the Issuer’s management regarding a review of strategic alternatives including reviewing the markets in…

JANA Pushes Oil States to Spin Off a REIT

JANA Partners disclosed a 9.1% position at an average cost of $68 per share. The Reporting Person acquired the Shares because it believes the Shares are undervalued and represent an attractive investment opportunity. The Reporting Person has had discussions with the Issuer’s management relating to the Issuer’s corporate structure including a discussion on April 26,…

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