- Eastman Chemical (EMN +1.5%) may be the target of activist investor Jana Partners and will be disclosed in an upcoming 13D filing, Stephen Taub of Institutional Investors wrote in an article published last night.
- Jana and other activists like EMN-style multi-business structures that lend themselves to selling less profitable operations and distributing the proceeds to shareholders, and Jana has experience in the chemicals and related business, Taub says as part of his rationale for a potential move.