Activist investors take nearly 9% stake in Whole Foods, push company to consider a sale
Publishing timestamp: 2017-04-10 22:56:31
Summary
Whole Foods Market's shares jumped nearly 10% after activist investor Jana Partners took a stake in the company and suggested it consider putting itself up for sale. Jana believes the shares are undervalued and plans to engage with the company's management to make changes. The competition in the natural and organics foods business has been impacting Whole Foods' performance, leading to a potential sale of the company. Jana has a history of pushing for changes in companies it invests in, such as Safeway and ConAgra Foods.
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Keywords: business news, retail industry, whole foods market inc,