Channel NewsAsia
Channel NewsAsia
AsiaPac · 1 hrs ago

Align Technology to add directors, launch review after deal with Elliott

July 29 : Align Technology will add three new independent directors to its board and launch a review of its operations following talks with activist investor Elliott Investment Management, the company said on Wednesday.Shares of the medical device maker were down 4.5 per cent in extended trading.The three new board members, who have not yet been named, will be chosen for their expertise in healthcare technology, medical devices, global operations, and scaling high-growth businesses.Elliott, one of Wall Street's most prominent activist investors, has increasingly turned its attention to healthcare companies over the past year, often pushing for board representation and strategic reviews to boost performance. Elliott's recent targets in the sector have included Dexcom, Medtronic and Charles
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