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Jana Partners discloses 9.9% stake in PetSmart; asks retailer to explore options
New York -- Activist investor Jana Partners LLC disclosed it has acquired a 9.9% stake in PetSmart, according to a regulatory filing, and plans to ask the retailer to explore various options, including a sale. Jana, $10 billion firm hedge firm run by Barry Rosenstein, has a reputation for pushing corporate managements to make changes.
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2014 Summer Outlook: Heat, high winds and hurricanes
By Kevin Smith, VP of onshore corporate services for ImpactWeather
According to Forrester Research, weather is the leading cause of business disruptions1. From commodity demands and supply chain interruptions to community assistance, retailers know the power that severe weather has over their economic profits and losses.
