- TreeHouse Foods (NYSE:THS) jumped 15% after activist Jana Partners disclosed a 7.5% stake in a 13D filing.
- Jana said in filing that it believes TreeHouse shares are undervalued and that the company should consider evaluating a sale of itself. Jana intends and continues to have "constructive" talks with the company's board and management and other interested parties.
- On Jan. 29, Jana delivered a notice to TreeHouse of intention to propose 3 nominees for election at 2021 annual meeting.
- Reminder that Conagra (NYSE:CAG) board added Jana portfolio manager Scott Ostfeld in 2019.
- Recall Jan. 12, JPMorgan cools on TreeHouse Foods as recovery headwinds approach.