Blue Harbour Group Boosts Stake In Jack in the Box (JACK) to 5.2%
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In a 13D filing on Jack in the Box Inc. (Nasdaq: JACK), hedge fund Blue Harbour Group, LP disclosed a 5.2%, or 2,850,816 share, stake in the company. This is up from the 0.74% stake the firm held at the quarter ended March 31, 2010.
In the filing, the firm noted they bought the stock for investment purposes. In a pretty standard disclosure the firm said it may engage in communications with the company.
The firm paid an average price per share of $20.57 for their JACK stock.
Blue Harbour's investment approach seeks to add value like a private equity partner by working collaboratively with company management to design and implement strategic initiatives that unlock and create shareholder value.
In the filing, the firm noted they bought the stock for investment purposes. In a pretty standard disclosure the firm said it may engage in communications with the company.
The firm paid an average price per share of $20.57 for their JACK stock.
Blue Harbour's investment approach seeks to add value like a private equity partner by working collaboratively with company management to design and implement strategic initiatives that unlock and create shareholder value.
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