02:00 PM EDT, 05/14/2024 (MT Newswires) -- Activist investor Jana Partners acquired a stake in QuidelOrtho ( QDEL ) during Q1, Reuters reported Tuesday, citing people familiar with the situation.

The extent of Jana's stake in the diagnostics company remains undisclosed, as are its intentions if it wants to push for any changes at QuidelOrtho ( QDEL ), Reuters said. The specific size of Jana's investment may be disclosed in its quarterly Form 13F filing.

A representative for Jana declined Reuters' request for comment and QuidelOrtho ( QDEL ) could not be immediately reached.

Neither Jana nor QuidelOrtho ( QDEL ) immediately responded to requests for comments by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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