Jana believes AGU is a $150 stock. It will soon run a slate for the AGU BOD. Nothing is going to happen before all that plays out. And even after that, Jana may figure that sooner or later, things will go their way.
Isn't Jana the typical hedge fund trying to grab the cash from the company in the form of a large special dividend?
If so the typical situation is they get the cash and then dump. The company is left with no option other than borrowing.
Not good. Is not this why Jana is trying to control the BOD?