Activist investor Ananym Capital Management plans to nominate as many as half a dozen directors to the board at Henry Schein (HSIC) and could announce its slate within the next weeks, three sources familiar with the matter told Reuters’ Svea Herbst-Bayliss. The hedge fund argues that the distributor needs to start searching for a new CEO, cut costs and optimize capital allocation, the report noted.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HSIC: