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Activist Investor Seeks Strategic Overhaul At Contact Lens Maker Cooper, Suggests Merger With Bausch + Lomb
Benzinga·2025-10-20 22:57

Activist investor Jana Partners has reportedly taken a stake in The Cooper Companies (NASDAQ:COO) and is pressing the medical-device maker to evaluate strategic alternatives — including a potential merger between its contact-lens division and Bausch + Lomb (NYSE:BLCO).CooperCompanies approved a 1billionincreaseinitssharerepurchaseprogramto1 billion increase in its share repurchase program to 2 billion in September.Citing people familiar with the matter, the Wall Street Journal reported that Jana's campaign centers on unlocking shareholder value by i ...