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Posted On: 08/19/2025 6:11:34 PM
Post# of 8596
Medical Device sector heats up with a large investment in Medtronic
Elliott Management, managing $76 billion in assets, has purchased a large amount of Medtronic shares.
Medtronic to add two new directors after Elliott takes large stake
Reuters, Story by Puyaan Singh and Kamal Choudhury • 5h
(Reuters) -Medtronic said on Tuesday it would add two new directors to its board and set up committees to help boost its lagging shares after activist investor Elliott Investment Management emerged as one of its largest shareholders.
The medical-device maker said veteran medtech executives John Groetelaars, once interim CEO for Dentsply Sirona, and Bill Jellison, formerly CFO at Stryker, would join its board as independent directors.
Read the full story here, https://www.msn.com/en-us/money/markets/medtr...ngNewsSerp
Elliott Management, managing $76 billion in assets, has purchased a large amount of Medtronic shares.
Medtronic to add two new directors after Elliott takes large stake
Reuters, Story by Puyaan Singh and Kamal Choudhury • 5h
(Reuters) -Medtronic said on Tuesday it would add two new directors to its board and set up committees to help boost its lagging shares after activist investor Elliott Investment Management emerged as one of its largest shareholders.
The medical-device maker said veteran medtech executives John Groetelaars, once interim CEO for Dentsply Sirona, and Bill Jellison, formerly CFO at Stryker, would join its board as independent directors.
Read the full story here, https://www.msn.com/en-us/money/markets/medtr...ngNewsSerp
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