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JANA urges Cooper Companies to replace CEO, appoint new board chair, and consider asset sales amid poor performance.

Market News
18 Sep 2026
PRNewsWire
View Source
Bearish
JANA urges Cooper Companies to replace CEO, appoint new board chair, and consider asset sales amid poor performance.

JANA Partners has called on The Cooper Companies' board to immediately start an external search for a new CEO, appoint a new board chair, and explore selling assets due to the company's ongoing underperformance and poor capital allocation. JANA criticized Cooper's recent earnings, forecasting issues, and strategic failures, highlighting a significant drop in shareholder confidence and a share price at a 10-year low. The activist investor also recommends revising compensation metrics and engaging consultants to improve cost savings. These actions aim to restore investor trust and improve the company's valuation and performance.

The activist investor JANA Partners' letter to Cooper Companies' board is presented here with Pluang's health sector market snapshot as of Sep 18, 2026 17:31 WIB: Among 91 priced health-sector US stocks on Pluang, 41 rose and 40 fell today. Baxter International Inc (BAX) gained 1.61% to USD 23.39 with a typical hold time of 72 days, contrasting with Koninklijke Philips NV (PHG), which dropped 1.42% to USD 24.33 despite 100% buy order activity and a longer hold time of 82 days. Adaptive Biotechnologies Corp (ADPT) rose 1.54% to USD 28.99 with balanced buy/sell orders and a shorter hold time of 36 days.

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