Barry Rosenstein, founder of Jana Partners LLC, said his hedge-fund firm is working behind the scenes with Walgreeen Co. after the drugstore chain’s purchase of a controlling stake in U.K. retailer Alliance Boots Gmbh.
Barry Rosenstein, founder of Jana Partners LLC, said mergers and acquisitions are different from 10 years ago in part because there is less involvement by private-equity firms.
Herbalife Ltd., the company that hedge-fund manager Bill Ackman has for 16 months called a pyramid scheme, is a legitimate enterprise, two activist investors said.
"While we have seen no evidence of this, and in fact we initiated contact with him about the position rather than vice versa, it also strikes us as entirely misguided to consider enthusiasm for the job as anything other than a positive factor."
- Barry Rosenstein on Nov 06, 2014