CVS Health Adds 4 Board Seats In Deal With Hedge Fund

CVS Health bulks its board up to 16 members, adds hedge fund Glenview’s CEO
CVS Health has added four new board members, including the chief executive of a hedge fund that has been critical of the struggling healthcare giant. The company said Monday that it expanded its board to 16 members following “productive discussions” with shareholder Glenview Capital Management.
CVS Health Adds Four Board Seats In Deal With Hedge Fund
CVS Health said four new members will be added to its board from the hedge fund Glenview Capital, which had been pushing for changes at the diversified healthcare giant.
CVS adds four new board members in deal with Glenview as CEO pursues a turnaround
Shares of the healthcare conglomerate rose nearly 3% in premarket trading. Longtime investor Glenview Capital Management bought 2.8 million CVS shares during the third quarter, increasing its stake by 31%.
CVS adds 4 new board members in deal with hedge fund
CVS Health announces addition of four new members to board of directors, including Glenview CEO Larry Robbins.
CVS Health adds four new board members in Glenview Capital deal
CVS Health adds four new board members after engagement with activist investor Glenview Capital Management, boosting shareholder value.
CVS Health bulks its board up to 16 members, adds hedge fund CEO
CVS Health has added four new board members, including the CEO of a hedge fund that has been critical of the struggling health care giant. The company said Monday that it expanded its board to 16 members following “productive discussions” with shareholder Glenview Capital Management.
CVS Health names four new board members in deal with activist investor
CVS Health said on Monday it named four new members to its board of directors as part of a deal with activist investor Glenview Capital as the healthcare company continues to fight its way out of its brutal 2024.
CVS jumps on report it will add to board in deal with hedge fund Glenview
Shares of CVS Health (NYSE:CVS) rose 2.8% in premarket trading on Monday following a report from the Wall Street Journal that the company will expand its board as part of an agreement with Glenview Capital Management,
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CVS Health shares rise as hedge fund pushes for change
While the hedge fund invests in a variety of industries, Tenet, CVS and fellow healthcare insurer Cigna make up its three largest public holdings.