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Benzinga
Benzinga
Business
Vandana Singh

Activist Investor Seeks Strategic Overhaul At Contact Lens Maker Cooper, Suggests Merger With Bausch + Lomb

Cooper COO Jana Jana Partners Bausch Lomb CooperSurgical CooperVision the Wall Street Journal
Close-up,Of,A,Contact,Lens,For,Vision,On,A,Fingertip.

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 $1 billion increase in its share repurchase program to $2 billion in September.

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