Jamba plans more refranchising, share buybacks

Jamba plans more refranchising, share buybacks

Operator faces a proxy contest by JCP Investment Partnership

Jamba Inc. will sell company units and buy back shares of its stock more aggressively, the company said Monday, amid a multipronged threat to its board from a pair of activist investors.

Last week, Jamba said hedge fund JCP Investment Partnership nominated six people for election to its nine-person board of directors, a move that, if successful, would effectively give the activist control of the operator of 862 Jamba Juice units.

JCP has yet to file a form 13D with the

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