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 >
Scotts Miracle-Gro Q4 revenue misses
Scotts Miracle-Gro Q4 revenue misses
Nov 5, 2025
Overview * Scotts Miracle-Gro ( SMG ) Q4 revenue missed analyst expectations * Adjusted EBITDA for Q4 beats estimates Outlook * Scotts Miracle-Gro ( SMG ) expects U.S. Consumer net sales low single-digit growth in fiscal 2026 * Company projects non-GAAP adjusted EPS of $4.15 to $4.35 for fiscal 2026 * Scotts Miracle-Gro ( SMG ) anticipates free cash flow...
Bio-Techne misses quarterly sales estimates on weak biotech demand
Bio-Techne misses quarterly sales estimates on weak biotech demand
Nov 5, 2025
Nov 5 (Reuters) - Biotech firm Bio-Techne ( TECH ) missed its first-quarter revenue estimates on Wednesday, hurt by sluggish demand for its products amid soft biotech funding environment in China. Shares of the Minneapolis, Minnesota-based company, which develops products used in medical research, drug development and diagnostics, were down nearly 10% premarket following the results. During the quarter, we...
Sprott Q3 AUM rises 23%, boosted by ETF launches
Sprott Q3 AUM rises 23%, boosted by ETF launches
Nov 5, 2025
Overview * Sprott Q3 AUM rises 23% from prior quarter, driven by market value appreciation and inflows * Adjusted EBITDA for Q3 up 54% yr/yr, benefiting from higher average AUM * Company raises quarterly dividend by 33% to $0.40 per share Outlook * Sprott highlights confidence in future due to core positioning in precious metals * Company notes positive reception...
Spending Is Primary Culprit Behind Larger Deficits in Canada's 2025 Budget, Says Desjardins
Spending Is Primary Culprit Behind Larger Deficits in Canada's 2025 Budget, Says Desjardins
Nov 5, 2025
07:20 AM EST, 11/05/2025 (MT Newswires) -- Canada's government is projecting its deficit to increase substantially in the 2025-26 fiscal year (FY26), widening to $78.3 billion from $36.3 bilion last year, said Desjardins after Tuesday's release of the 2025 budget That's $36.1 billion larger than planned in the Fall Economic Statement (FES) 2024. Deficits are expected to be smaller after...
Copyright 2023-2026 - www.financetom.com All Rights Reserved