Business

Walgreen adds activist hedge fund founder to board

By Tom Murphy
Published September 8, 2014 2:25pm ET
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Walgreen adds activist hedge fund founder to board
Walgreen has named Jana Partners founder Barry Rosenstein to its board, and the activist investor will get a say in choosing at least one additional director for the nation’s largest drugstore chain. Walgreen Co. is feeling shareholder pressure after lowering its forecast for the earnings it expects after combining with health and beauty retailer Alliance […]

Walgreen has named Jana Partners founder Barry Rosenstein to its board, and the activist investor will get a say in choosing at least one additional director for the nation’s largest drugstore chain.

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