1. Activist Investor Takes 9 Percent Stake in Outback Steakhouse Owner, Bloomin’ Brands

    Activist Investor Takes 9 Percent Stake in Outback Steakhouse Owner, Bloomin’ Brands

    TAMPA — The same activist investor who pushed the owners of Outback Steakhouse to explore a sale have purchased another large share of the restaurant company. Jana Partners, LLC, a New York hedge fund, now holds about a 9 percent stake in Bloomin’ Brands. The hedge fund purchased $127.7 million worth of shares between July 9 and Aug. 30, according to a filing with the Securities and Exchange Commission made on Friday...

    Read Full Article

    Login to comment.

  1. Categories

    1. BoardProspects Features:

      BoardBlogs, BoardKnowledge, BoardMoves, BoardNews, BoardProspects Announcements, BoardProspects CEO, CEO Blog, In the News, Partner Publications, Question of The Week, Sponsored Content
  2. Quotes

    1. We appreciate the views of stockholders and will consider all perspectives shared with us.
  3. Topics Mentioned