ConAgra’s Stock Surge Boosts JANA Partners

The food processor is the largest holding of the activist firm, which closed down its flagship funds at the beginning of the year.

(Scott Eells/Bloomberg)

(Scott Eells/Bloomberg)

JANA Partners’ big bet on ConAgra Foods paid off Thursday, when the food processing giant reported much stronger quarterly results than Wall Street was expecting.

The stock surged nearly 13 percent, to close at $25.82, and is now up nearly 22 percent for the year.

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