Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

David Tepper and Barry Rosenstein Profit From Smurfit-Stone Container Takeover

Barry Rosenstein’s Jana Partners started a brand new position in their portfolio during the most recent third quarter. They bought more than 500,000 shares of Smurfit-Stone Container (SSCC), valued at less than $10 Million at the end of September. Today, Smurfit-Stone announced that it will be acquired by Rock Tenn Co (RKT) for $35 a share. This means Jana Partners made more than 80% from its SSCC investment in less than 4 months.

The deal also boosted the paper sector. International Paper increased more than 3%, Temple Inland Inc (TIN) gained 5.3%, KapStone Paper & Packaging Corp (KS) was up 4.6%, and Boise Inc. (BZ) increased 3.4%. Surprisingly, Rock Tenn also gained 3.7% after the announcement.


Appaloosa Management’s David Tepper was another hedge fund manager who profited handsomely from this deal. David Tepper had more than 200,000 shares of Smurfit-Stone at the end of September. He also had 570,000 shares of Temple Inland (TIN) and 1.9 million shares of International Paper (IP). David Tepper is a sector investor. At the end of September he had sizable positions in healthcare and semiconductors as well.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!