Jana Partners urges Cooper Companies to search for new CEO
Activist investor Jana Partners urged Cooper Companies to launch an external CEO search and consider asset sales after recent performance setbacks, saying missteps hurt investor confidence and weighed on the company’s market value.
Activist investor Jana Partners on Friday urged Cooper Companies NASDAQ:COO to begin an external search for a new chief executive and to consider asset sales, saying recent missteps have damaged investor confidence and pressured the medical device maker’s market value. Cooper had lowered its annual forecasts last…