Jana Partners Benefits From Whole Foods Sale

In case you missed it

Activism this week (Friday June 16)

• John Mackey wanted everyone to know he wasn’t going to be pushed around
• A spate of Canadian proxy fights may be due to booming stocks, or a weak market
• General Electric’s new CEO
• A new vulnerability report

What the activism world is talking about

Like activists in 47% of situations where M&A forms part of their demands, Jana Partners had a simple recipe for Whole Foods that was belied by its slate of experienced operators: get the company sold. In the end, it took just over two months to achieve a probable $320 million profit, or around a 40% return. Other activists who reportedly...