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Barry Rosenstein’s Jana Partners IDs Newest Target: Apache

The activist firm has taken a big stake in the energy giant, saying it needs to make moves now to boost shareholder value.

       Barry Rosenstein, Jana Partners (Bloomberg)Barry Rosenstein’s Jana Partners has a new activist target. The New York–based activist hedge fund firm says its funds now own about $1 billion of Apache Corp., its largest new investment in the second quarter. Jana has engaged with management on three different issues the firm believes

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