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InsideArbitrage Potential Deal Alert: Jana Partners pushes Freshpet (FRPT) to explore a sale

  • December 16, 2022


StockFreshpet, Inc.SymbolFRPT
Date Announced09/22/2022Source Wall Street Journal
TypeNews Report

Jana Partners LLC activist investor has a nearly 10% stake in Freshpet Inc. (FRPT) and plans to push the pet-food company to make changes to boost its stock price and explore a sale, according to people familiar with the matter.


December 9, 2022: The activist investor pushing Freshpet Inc (FRPT) to consider selling itself is ratcheting up the pressure on the pet-food company by recruiting industry expert Kurt Schmidt to help with its campaign and possibly serve as director candidate, people familiar with the matter said.

December 15, 2022: Jana Partners LLC pushing Freshpet Inc (FRPT) to consider selling itself has told the pet-food company that it plans to launch a proxy fight and run for board seats, according to a regulatory filing

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.