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Hedge Fund Private Equity

Jana Partners presses Cooper to replace CEO

hedgeweek

1 day ago

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Activist hedge fund Jana Partners is stepping up its campaign at medical-device maker Cooper Companies, calling for the replacement of chief executive Albert White and urging the company to consider strategic alternatives for its core businesses, according to a report by the Wall Street Journal.
Jana outlined its demands in a letter to Cooper on Thursday, arguing that the company requires a significant overhaul after what the activist describes as a prolonged period of underperformance.
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