JANA Partners Adds to Walgreen Stake ~ market folly

Wednesday, October 15, 2014

JANA Partners Adds to Walgreen Stake

Barry Rosenstein's activist hedge fund JANA Partners has filed a Form 4 with the SEC regarding their stake in Walgreen (WAG).  Per the filing, JANA now owns 13.75 million shares of WAG.

They were out buying on October 10th, 13th, and 14th at prices of $62.80, $62.02, and $60.68.  They purchased 1.25 million shares in total recently.  Rosenstein is also on WAG's board of directors.

Shares of WAG were hit in August after the company announced they'd be completing the Alliance Boots merger but would not be doing a tax inversion, something many investors were hoping for.

You can view additional recent portfolio activity from JANA here.

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