Jana lowers Outerwall stake to 4.9%; shares -1.4% AH

Barry Rosenstein's Jana Partners has cut its Outerwall (OUTR) stake to 4.9% from 8.4%. The firm once owned 13.5% of the Redbox parent. (13D)

Outerwall shares are up over 30% since Jana's original Oct. 4 disclosure. The company announced a major restructuring (widely believed to be at Jana's urging) in December.

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