Cooper gains after reports Jana Partners has built stake

Bausch + Lomb

20/10/2025 11:22

** Shares of medical device maker Cooper Companies COO.O up 6.3% at $76.50 in premarket after reports activist investor Jana Partners has built a stake

** Shares on track for highest level since July 10

** WSJ first reported on Jana's stake, saying the fund could push it to consider combining its contact-lens unit with rival Bausch + Lomb BLCO.TO

** Jana plans to push Cooper to improve capital allocation that could boost returns, sources familiar with the matter told Reuters

** COO down 21.7% YTD

 (Reporting by Tharuniyaa Lakshmi in Bengaluru)

 ((tharuniyaa@thomsonreuters.com))