JANA Makes Its Next Activist Play

Barry Rosenstein’s hedge fund firm reveals how it plans to boost the value of its newest target.

Barry Rosenstein (Andrew Harrer/Bloomberg)

Barry Rosenstein

(Andrew Harrer/Bloomberg)

JANA Partners has identified a new activist target.

The hedge fund firm headed by Barry Rosenstein on Wednesday disclosed that it owns 7.3 percent of TreeHouse Foods, a food processing company that specializes in the private label market.

In the 13D filing, the activist investor said it had nominated three individuals to the board and may urge the company to put itself up for sale.

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