Is McGraw-Hill About To Come Under Attack?

Activist hedge fund Jana Partners and the Ontario Teachers’ Pension Plan Board have bought 5.2% of the publishing, investment analysis and TV station company — and say that they may try to break it up. The investors reported in SEC filings Monday that they have “no present plan or proposal” for the company run by CEO Terry McGraw. But they plan to talk to McGraw-Hill’s directors, shareholders and others about changes “to improve shareholder value.”