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Jana Partners Cuts Stake in Macy’s by 84%

Jana Partners Cuts Stake in Macy's by 84%

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Activist investment firm Jana Partners reduced its stake in Macy’s by 84% in the final months of last year, soon after imploring the retailer to separate its eCommerce operations from its brick-and-mortar business. According to a report by Reuters Monday (Feb. 14), Jana said in a regulatory filing that it owned 760,780 shares of Macy’s […]

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