Activist Investor Jana Takes Position in Cooper Companies, Pushes for Strategic Review Including Bausch + Lomb Merger
Activist investor Jana Partners has built a position in Cooper Companies and is advocating for strategic changes, sources indicate. The investor reportedly sees potential in combining Cooper’s contact-lens business with rival Bausch + Lomb, whose CEO has expressed interest in such a deal.
Activist Investor Targets Medical Device Maker
Activist investment firm Jana Partners has reportedly acquired a significant stake in Cooper Companies, the medical device manufacturer known for its CooperVision contact lens division, according to people familiar with the matter. Sources indicate the firm plans to push for strategic alternatives that could include a potential combination of Cooper’s vision-care unit with rival Bausch + Lomb.