Jana Says Firm Is Working With Walgreen After Transaction

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Barry Rosenstein, founder of Jana Partners LLC, said his hedge-fund firm is working behind the scenes with Walgreeen Co. after the drugstore chain’s purchase of a controlling stake in U.K. retailer Alliance Boots Gmbh.

“Effectively, this is Alliance Boots taking over,” Rosenstein said at the SkyBridge Alternatives Conference in Las Vegas today.