Activist investor that pushed for change at Whole Foods nets $300M in 3 months from investment

Jana Partners LLC has walked away from its three-month Whole Foods Market Inc. investment with the Austin-based grocery chain on a radically different path — plus about $300 million in profit.
The activist hedge fund paid $794.5 million for a more than 8 percent stake in Whole Foods (Nasdaq: WFM). It sold them over the past couple of months for a combined $1.09 billion, according to a Wednesday securities filing.
When Jana disclosed in April its significant stake in Whole Foods, it set off a…

#URLinkedUp Austin Business News – Local Austin News | Austin Business Journal http://www.bizjournals.com/austin/news/2017/07/20/activist-investor-that-pushed-for-change-at-whole.html?ana=RSS%26s=article_search

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