Jana Partners Takes Stake in Casella Waste
Activist investment firm Jana Partners has acquired a stake in Casella Waste Systems and is pushing the company to improve its profit margins and operational returns. Jana wants Casella to commit to higher EBITDA margins by 2029 and better align executive compensation with shareholder value.
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Activist investor Jana Partners has built a new stake in Casella Waste Systems Inc, pushing the regional waste services provider to lift profit margins and returns. The $5.6B market-cap company has seen its shares fall 11% this year while competitors gained ground. Jana is stepping in to unlock discounted valuation through improved operational execution and asset integration.
