HALISTER: Whole Foods Surges as Much as 9.8%; Jana Reports 8.3% Stake

Whole Foods Surges as Much as 9.8%; Jana Reports 8.3% Stake

(Bloomberg) -- Jana Partners LLC has built an 8.3% stake in Whole Foods Market and seeks talks with the company over real estate and capital allocation, the investor said in a statement.
  • WFM quickly jumped as much as 9.8% on >2x 3-month avg daily vol
    • On track for biggest daily gain since Nov. 2014
  • WSJ first reported Jana’s stake
  • Jana to seek talks on management and governance, and initiate review of strategic alternatives
  • Prepared to nominate directors to board

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
746225Z US (JANA Partners LLC)
WFM US (Whole Foods Market Inc)

To de-activate this alert, click here
To modify this alert, click here

UUID: 7947283