Seeking Alpha

Outerwall higher with Jana in the background

  • Shares of Outerwall (OUTR) reach even greater heights as the news of the significant stake by Jana Partners in the company turns sentiment around.
  • Wedbush sees Jana gaining enough support from other shareholders to force a significant buyback initiative from Outerwall at the least and thinks it might even convince shareholders to back a breakup.
  • OUTR +7.8% premarket to $61.59 to mark its highest trading level in over a month.
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