Activist Investor Takes 9 Percent Stake in Outback Steakhouse Owner, Bloomin’ Brands
TAMPA — The same activist investor who pushed the owners of Outback Steakhouse to explore a sale have purchased another large share of the restaurant company. Jana Partners, LLC, a New York hedge fund, now holds about a 9 percent stake in Bloomin’ Brands. The hedge fund purchased $127.7 million worth of shares between July 9 and Aug. 30, according to a filing with the Securities and Exchange Commission made on Friday...
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