CVS Health Adds Four Board Seats In Deal With Hedge Fund
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CVS Health has agreed to add four new members to its board from Glenview Capital Management, a hedge fund that has been advocating for changes at the company.
November 18, 2024 | 2:00 pm
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CVS Health is adding four new board members from Glenview Capital Management, indicating a potential shift in company strategy due to pressure from the activist investor.
The addition of board members from an activist hedge fund suggests potential strategic changes at CVS Health, which could positively impact the stock if investors view these changes as beneficial.
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