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Jana Partners Reports 13.5% Stake in Outerwall

Activist investor, Jana Partners LLC unveiled through its regulatory filing on Friday that it now holds a stake of 13.5% in Outerwall Inc. (NASDAQ: OUTR), formerly known as Coinstar Inc., adding that it plans to discuss strategic options with the management, which includes a possible sale of Redbox video rental Kiosks business. Shares of Outwerwall rallied about 9.50% on Friday. Jana Partners, founded by Barry Rosenstein, said in a regulatory filing that it believes the stock is trading below its potential.


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