A month ahead of Masimo’s annual meeting, activist investor Politan is laying out its case to shareholders to assume board control.
Masimo activist Politan laid out its renewed case for change in a push to win two more board seats at the medical device company.
The activist says that with proper governance, the company could show a $10 billion increase in shareholder value. Its current market cap is $7 billion. While Kiani has continued to claim that the tie-up would help Masimo bring its medical tech into homes, the company said in March that it would heed investor concerns and
Kiani told CNBC earlier this year that a third party was interested in a joint venture, but he didn't provide specifics. Koffey said that he and Masimo's board were told the name of the potential partner only after a tentative deal had been signed. Shareholders still haven't been informed.
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