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Activist Jana Is Set to Make $144 Million on Pinnacle Foods Deal

Bloomberg

Activist investor Jana Partners and its affiliates stand to make about $144 million on their investment in Pinnacle Foods Inc. , after the packaged-food company agreed to be acquired by Conagra Brands Inc. for $8.1 billion. The New York-based hedge fund, run by Barry Rosenstein, disclosed a 9.5 percent position in Parsippany, New Jersey-based Pinnacle on April 19...

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