Henry Schein climbs on Ananym Capital's push for changes

Henry Schein

18/11/2024 19:22

** Shares of healthcare products distributor Henry Schein
 HSIC.O  rise 6.2% to $73.09
    ** Activist investor Ananym Capital Management is urging 
Henry Schein to refresh its board, cut costs, tackle succession
planning and consider selling its medical distribution business
    ** Ananym argues that Schein needs new board members and
ultimately a new CEO to tackle spending, according to a Reuters
report
    ** Ananym says medical distribution business sale could
increase stock price by 20%
    ** Including session's move, stock down 2.1% YTD

    

 (Reporting by Christy Santhosh)
 ((Christy.Santhosh@thomsonreuters.com))