Politan Capital Management Comments On Judge's Decision To Deny Masimo's Request For A Preliminary Injunction; Says Ruling Clears Way For The Shareholder Vote On Politan's Independent Nominees To Proceed On September 19
Portfolio Pulse from Benzinga Newsdesk
Politan Capital Management, an 8.9% shareholder of Masimo Corporation, announced that a judge denied Masimo's request for a preliminary injunction. This decision allows the shareholder vote on Politan's independent nominees to proceed on September 19.
September 12, 2024 | 1:47 pm
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A judge's decision to deny Masimo's request for a preliminary injunction allows Politan Capital Management to proceed with a shareholder vote on its independent nominees. This could influence Masimo's board composition and future strategy.
The denial of the injunction means that Politan can proceed with the shareholder vote, which could lead to changes in Masimo's board if Politan's nominees are elected. This decision is significant for Masimo's governance and strategic direction.
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