Market Overview

Outerwall Issues Comment 13D Filing from JANA, Says Board Regularly Asses Variety of Strategic Options

Outerwall Inc. (Nasdaq: OUTR), formerly Coinstar, Inc., today issued the following statement in response to the Schedule 13D filed today by JANA Partners LLC:

Outerwall welcomes the opinions of its shareholders and is always open to constructive input toward the goal of enhancing shareholder value. Our Board of Directors and management team regularly review the company's strategic priorities and opportunities, including capital allocation, and assess a variety of strategic options. We are committed to driving value for all Outerwall shareholders and will continue to take actions to achieve this important objective.

Morgan Stanley & Co. LLC is serving as financial advisor and Perkins Coie LLP is serving as legal advisor to Outerwall.

Posted-In: News Hedge Funds General

 

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