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Owl Creek Urges Cano Health Board To Consider Potential Sale

Benzinga

sent a letter to Cano Health Inc (NYSE: CANO ) board strongly encouraging the company to pursue strategic alternatives , including a potential sale. Owl Creek owns around a 3.75% stake in Cano. " "Cano is close to achieving its 2023 targets a year early. Owl Creek Asset Management L.P.

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Cano Health Stock Plummets After-Hours Following Dismal Q2 Results, Seeks Strategic Options Inducing Sale

Benzinga

Cano Health, Inc. NYSE: CANO ) shares are tumbling after-hours on Thursday after reporting worse-than-expected second-quarter financial results. The company reported quarterly sales of $766.70 million, which missed the analyst consensus estimate of $828.43 million, a 11.22%. Full story available on Benzinga.com

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Top Financial Media Stories Friday, September 23: Apple Resolves iPhone 14 Pro Camera Glitch, Credit Suisse Shares Tumble As It Looks For Capital Infusion, Boeing Penalized $200M For Misleading About 737 MAX Safety And More.

Benzinga

Twitter Inc (NASDAQ: TWTR ) looks to provide more data to external researchers who study online misinformation and moderation to fight growing criticism from global regulators and policymakers. Credit Suisse Group AG (NYSE: CS ) shares fell after reports that the company is looking to raise fresh capital. Wall Street Journal.

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Humana, CVS Health Interested In Acquiring Primary Care Provider

Benzinga

primary care provider Cano Health Inc (NYSE: CANO ) is reportedly exploring a sale and working with advisors after receiving acquisition interest from Humana Inc (NYSE: HUM ) and CVS Health Corp (NYSE: CVS ). Hedge fund Third Point LLC , which owns 6.4%

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Reopening of Advance Notice Window Requires Activists to Show “Radical Shift” at Company

Harvard Corporate Governance

the Delaware Court of Chancery clarified the high standard that activists must overcome to reopen the director nomination window of an otherwise valid advance notice bylaw—namely they must show that there has been a “radical shift” in company position caused by the board after the deadline for director nominations had passed.

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