Masimo CEO shared confidential information with investor ahead of public release, court filing shows
Publishing timestamp: 2024-09-06 17:02:16
Summary
Masimo CEO Joe Kiani revealed confidential information to a major investor before it was made public, amid an ongoing proxy battle with activist Politan. The documents related to the litigation were partially unsealed, showing communication between Kiani and the investor. Politan is seeking to replace two directors at an upcoming shareholder meeting. Masimo has been accused of underperformance and poor acquisitions, with Politan pushing for a spinoff. The company is also known for its legal battle with Apple over technology used in the Apple Watch.
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Keywords: joe biden, breaking news: business, mergers and acquisitions, business news, business, apple inc, masimo corp, breaking news, activism,