Jamba Juice, the retailer of juice drinks and natural foods, has been under pressure from activists who want the company to sell the majority of its company owned stores and return what could be up to $100 million in proceeds to investors in the form of share buybacks or dividends. Jamba Juice has responded affirmatively, adding members of the activist shareholders to its board of directors, and saying this week that it would be willing to sell up to 80% of its company owned stores and become a franchisee-owned model. So far investors like what’s been going on, as shares of the juice retailer have hit a new high.
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