This Company May Be JANA’s Next Activist Target

Why investors are focusing on a company best known for making caskets.

Barry Rosenstein (Andrew Harrer/Bloomberg)

Barry Rosenstein

(Andrew Harrer/Bloomberg)

Investors are apparently anticipating JANA Partners’ next activist target.

Shares of Hillenbrand have jumped about 40 percent to more than $27 per share since the activist hedge fund firm headed by Barry Rosenstein disclosed in its most recent 13F filing that it owned about 4.9

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