Jana Partners Urges Cooper to Replace CEO
Activist investor Jana Partners is pushing Cooper Companies to replace its chief executive officer and evaluate asset sales. The firm argues recent missteps have severely damaged investor confidence and weighed on market value.
Xurve View
Insights:
Xurve View
Activist investor COOPER COS INC faces pressure from Jana Partners to launch an external CEO search and explore asset sales following recent financial setbacks. The push comes after Cooper lowered its annual forecasts and abandoned a review of strategic options for its CooperSurgical unit. Jana holds a 1.8% stake in Cooper, representing approximately 3.58 million shares, as performance lags behind medical device peers.
