financetom
Business
financetom
/
Business
/
Activist investor Politan plans second proxy battle at Masimo, WSJ reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Activist investor Politan plans second proxy battle at Masimo, WSJ reports
Mar 24, 2024 8:15 PM

March 24 (Reuters) - Activist investor Politan Capital

Management, which last year won two seats on the board of

medical technology company Masimo Corp ( MASI ), is planning a

second proxy battle for two more seats, the Wall Street Journal

reported on Sunday.

Politan, which owns 9% of Masimo's ( MASI ) shares, plans to nominate

two director candidates to Masimo's ( MASI ) six-person board, the WSJ

reported, citing a person familiar with the matter.

The candidates are William Jellison, former chief financial

officer of medical device maker Stryker, and Darlene

Solomon, former chief technology officer of Agilent Technologies ( A )

, the report said.

Politan Capital Management did not immediately respond

to a Reuters request for comment.

Quentin Koffey-owned Politan has long criticized Masimo's ( MASI )

capital allocation and board oversight and expressed particular

concern about last year's $1 billion purchase of consumer audio

products maker Sound United.

Masimo ( MASI ) said on Friday that it is evaluating a proposed

spinoff of its consumer business, which includes its consumer

health and audio products.

"Members of the board, including Quentin Koffey, have been a

key part of the discussions concerning the separation dating

back to January," a Masimo ( MASI ) spokesperson said when asked about

Politan's reported plans for a new proxy contest.

"The proposed separation is also consistent with the

company's prior commitment to reassess the consumer business

strategy and structure within three years of the Sound United

acquisition, as well as the wishes of shareholders."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Claritev Invests in Klaim to Enhance Provider Payments Services Across US, MENA
Claritev Invests in Klaim to Enhance Provider Payments Services Across US, MENA
Oct 28, 2025
04:14 AM EDT, 10/28/2025 (MT Newswires) -- Claritev ( CTEV ) said late Monday it invested in Klaim to support the rollout of a co-branded Payment Acceleration Service merged within the company's provider network. Financial terms of the investment were not disclosed. The Claritev-Klaim Payment Acceleration platform will let eligible healthcare providers in the US and Middle East and North...
Ares Management and Slate Asset Management to Acquire Polish Real Estate Portfolio Valued at Over €300 Million From Trei Real Estate
Ares Management and Slate Asset Management to Acquire Polish Real Estate Portfolio Valued at Over €300 Million From Trei Real Estate
Oct 28, 2025
LONDON--(BUSINESS WIRE)-- Ares Management Corporation ( ARES ) (“Ares”) , a leading global alternative investment manager, and Slate Asset Management (“Slate”), a global investor and manager focused on essential real estate and infrastructure, today announced that a joint venture between Ares Real Estate funds (“Ares Real Estate”) and Slate has agreed to acquire a portfolio of 36 properties in Poland...
Update: Market Chatter: JPMorgan Offers In-House AI Chatbot Option to Employees for Writing Performance Reviews
Update: Market Chatter: JPMorgan Offers In-House AI Chatbot Option to Employees for Writing Performance Reviews
Oct 28, 2025
04:12 AM EDT, 10/28/2025 (MT Newswires) -- (Updates with JPMorgan's ( JPM ) response in the third paragraph.) JPMorgan Chase ( JPM ) has offered its staff an option to use its in-house artificial intelligence chatbot for writing year-end performance reviews, the Financial Times reported Monday, citing unnamed people familiar with the matter. The tool generates a performance review based...
Cushman & Wakefield Advises Urban Industrial on Refinancing Package
Cushman & Wakefield Advises Urban Industrial on Refinancing Package
Oct 28, 2025
04:12 AM EDT, 10/28/2025 (MT Newswires) -- Cushman & Wakefield ( CWK ) said late Monday it advised Urban Industrial on a 470 million-euro ($548.4 million) refinancing for an industrial portfolio in the Netherlands. The financing, which consists of shorter-term floating rate loan and longer-term fixed debt, was provided by Nuveen and ABN, the real estate services firm said. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved