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

POTENTIAL DEAL DETAILS

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.

Update(s)

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

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