Activist investor Politan plans second fight at Masimo, sending shares up 5%
Publishing timestamp: 2024-03-25 13:33:43
Summary
Politan Capital, led by Quentin Koffey, is seeking two more board seats at health-tech firm Masimo. This comes after the company announced plans to spin off a consumer-focused unit. Masimo shares surged 12% on the news. This is the second proxy fight in two years between Masimo and Politan Capital, with the activist investor now seeking to nominate two directors to the board. If successful, Politan would control four of the six board seats.
Sentiment: MIXED
Keywords: business, activism, business news, breaking news: business, mergers and acquisitions, breaking news, masimo corp, technology, breaking news: technology, apple inc,