Jana Partners plans to launch a proxy battle with Freshpet Inc (NASDAQ: FRPT) and nominate four directors.
Jana is the largest shareholder in the pet food company, with an approximate stake of 9.3%.
According to undisclosed sources, activist investor Carl Icahn is poised to secure enough shareholder support to place Andrew Teno, an Icahn nominee, to join the board of Illumina Inc (NASDAQ: ILMN).
Prominent activist investor Carl Icahn has acknowledged his error in placing a substantial bet on a market crash, ultimately resulting in his group suffering losses of nearly $9 billion over six years.