Jana Partners LLC has lined up five executives who will serve as directors on PetSmart Inc's board if the activist hedge fund is not satisfied with the outcome of the strategic review of the pet food retailer, people familiar with the matter said on Thursday. Jana, which has a 9.8 percent stake in PetSmart, may nominate former Caremark executive Edwin "Mac" Crawford; former RadioShack Corp Chief Executive Officer Julian Day; former Harris Teeter CEO Thomas Dickson; One Kings Lane co-founder Susan Feldman; and former Wal-Mart Stores Inc executive Lawrence Jackson. Jana could also nominate a representative from their own fund, the people said.
RadioShack Corporation (RadioShack) is engaged in the retail sale of consumer electronics goods and services through its RadioShack store chain. Shares of RSH traded higher by 2.47% or $0.02/share to $0.83. In the past year, the shares have traded as low as $0.55 and as high as $3.09. On average, 6275500 shares of RSH exchange hands on a given day and today's volume is recorded at 1347738.
Wal-Mart Stores, Inc. (Walmart), operates retail stores in various formats globally. Shares of WMT fell by 0.48% or $-0.41/share to $84.58. In the past year, the shares have traded as low as $72.27 and as high as $85.64. On average, 6910310 shares of WMT exchange hands on a given day and today's volume is recorded at 7489644.
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