Long-Term Returns of Jana Partners’ 5 Activist Targets

3. Mercury Systems, Inc. (NASDAQ:MRCY)

Activist Investment: 2021
Long-Term Returns Since Jana Partners’ Investment: -15.56%
S&P 500 Gain Since Jana Partners’ Investment: 6.84%

Mercury Systems, Inc. (NASDAQ:MRCY) is a company that manufactures and sells components, products, and modules for the aerospace and defense industries. Its products and solutions serve over 300 programs with 25 defense contractors and commercial aviation customers.

Activist investor Jana Partners first invested in Mercury Systems, Inc. (NASDAQ:MRCY) in 2021 and started pushing for strategic options to unlock value. The options include pushing management to consider the company’s potential sale.

In July of 2023, Mercury Systems, Inc. (NASDAQ:MRCY) reached an agreement and allowed Jana Partners to nominate Scott Ostfeld for the board. The activist investor also agreed to vote for the company’s nomination at the 2023 annual general meeting.

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