Homepage / Technology / Blue Apron jumps after hedge fund that pushed Whole Foods into Amazon's arms buys a stake
Bonver Casino Cz Hrací Automaty S Bonusem Zdarm Magazyn Żużel Speedway W Polsce I Na Świeci Zakłady Sportowe Online Autógrafo Bukmacherska 1xbe “Pin-up O Melhor Cassino Do Brasil Web Site Oficial ᐈ Jogar Caça-níquei Zakłady Sportowe Online Obstawiaj U Bukmachera Gg Be What Industries Use Virtual Data Room? Advantages of a Data Room What Does a Board Room Provider Do? Data Room Analysis for Venture Capital Funding The Importance of Board Reporting Software Safe Uploading and Downloading Business Files How to Select the Best Board Management Software How to Organize the Work of a Company “gerçek Parayla En Iyi Slot Makineleri Ve Spor Bahisler Which is the Best Podcast For Stock Market Beginners? Virtual Data Room Facts How to Protect Confidential Documents for Boards Advantages of Online Meetings Business Issues to Consider When Choosing a Data Room Provider What Is a Data Room? Virtual Board Room Software Due Diligence Risk Factors How to Choose a Reliable Tool for Data Exchange test Users535352253 Board Software and VDR Programs Business Operations Management Software Keep Data Safe and Protect Your Business Data How to Conduct a Board Self-Assessment Uncomplicated Ways to Simplify Daily Business Transactions Due Diligence Blog Digital Data Rooms for the Netherlands The New Era of Business Software and Reporting What Types of Businesses Use VDR Software? Ma Analysis Mistakes The Corporate Governance Role Board Room Apps Secure Board Management With Secure Board Portals What Happens at Board of Directors Meetings? Board Room Software Review How to Prepare Board Rooms for Effective Board Meetings Board Room Software Boosts Performance and Communication Selecting a Secure Data Room Review Local Data Room Service Review How to Find the Best Virtual Data Room Review What to Look for in a Data Room uk Provider Document Storage and Distribution Software Everything About VDRs Corporate Software Advantages How to Choose a Virtual Data Room Provider The Most Secure Way to Transfer Files How to Manage Online Board Meetings Benefits Virtual Data Room Solutions – Must-Haves for M&A and Due Diligence Best Data Room Functions for the Different Types of Industries How to Choose a VDR Software Provider How to Choose an Online Board Portal The Benefits of a Boardroom Review Board Room Online Solutions – How to Get the Most Out of Your Board Meetings Why You Need a Board Room How a Board Room Blog Can Transform Your Business Choosing the Best Board Room Format How to Have Productive and Engaging Board Directors Meetings Choosing the Right Virtual Data Room How to Keep Safe Documents Storage Teaching Kids About Online Safety Avoid Costly Mistakes With Free Data Room Services Corporate Virtual Data Unlimited Data Room Software For Due Diligence Leading Business Software Features to Look For Secure Online Data Rooms Solutions How to Keep Share, Edit and Delete Your Data Safe Virtual Data Room Software Secrets for M&A Due Diligence What to Look For in Boardroom Providers Board of Directors Blog Posts How to Deliver Value at Your Board Meetings How to Have Effective Board Meetings Responsibilities of Board Members Deal Management – How to Effectively Manage a Complex Sales Pipeline Data Rooms For Mergers And Acquisitions How to Have a Successful Board Room Meeting Choosing a Board Room Service Provider What is a Board Room Service? Board Room Software Review – Choosing the Best Portal for Mother Board Meetings Why a Board Room Providers Review Is Important What Is a Board Room Review? Venture Software for VC Firms What Is an Assessment Report? The Importance of a Tech Audit Popular Business Applications What to Look For in a Data Room App What Are Business Applications? How to Choose a Virtual Data Room How to Plan a Data Room Review Coronavirus Guide What is a Virtual Data Room? What Is Data Science? What Is an Operating System? Turbotax Small Business Review How Online VDRs Are Used in M&A Deals Why Choose VDR Software?


Blue Apron jumps after hedge fund that pushed Whole Foods into Amazon's arms buys a stake

When Whole Foods Market agreed to sell itself to Amazon, the deal was seen as a death knell for Blue Apron’s forthcoming IPO.

So it was surprising to see that the same activist hedge fund that had been pushing Whole Foods to sell itself had also taken a stake in meal-kit maker Blue Apron during the second quarter.

On Monday, Jana Partners, led by Barry Rosenstein, disclosed ownership of 600,000 shares of Blue Apron, valued at about $5.6 million at the end of June. The stake was disclosed in Jana’s so-called 13-F filing, a quarterly regulatory filing by investment managers detailing their holdings.

It is unclear whether Jana still holds Blue Apron or whether it sold any or all of the shares during the six weeks that have elapsed since the end of the second quarter. A CNBC request to the firm seeking additional details was not immediately answered.

Blue Apron shares gained as much as 5 percent after the stake was disclosed on Monday. The shares have been cut nearly in half since the company priced its initial public offering on June 29. They began trading on June 30.

Jana disclosed a stake in Whole Foods in April, immediately pushing the organic grocery chain to consider a sale. In mid-June, Whole Foods obliged, agreeing to sell itself to Amazon for $13.4 billion, or $42 a share in cash.

A filing in early July detailing the background of the merger showed that Jana had not been informed about specific discussions between Whole Foods and Amazon. But Jana announced shortly after the deal was struck that it was selling its 26 million-share stake, for a profit of about $300 million.

Blue Apron launched its roadshow the Monday after the deal between Amazon and Whole Foods was announced. Many investors, fearful that the combination of Amazon and Whole Foods could eat away at Blue Apron’s share, passed on the deal.

Blue Apron was forced to lower its IPO price to $10 a share after failing to find demand at the price range it had been marketing. The company’s stock price has suffered ever since. It was trading at $5.29 as of midday Monday.

If Jana did still hold all of the shares it bought in the second quarter, they would be worth about $3.2 million, a 43 percent decline from the end of June. The 600,000 shares represent about 2 percent of the company.

Source: Tech CNBC
Blue Apron jumps after hedge fund that pushed Whole Foods into Amazon's arms buys a stake

Comments are closed.