Elliott Management has large position in Cardinal Health

Cardinal had a market value of over $18 billion Monday morning after its shares rose 5% both Thursday and Friday following the CEO change (Photo: Bloomberg) — Cardinal had a market value of over $18 billion Monday morning after its shares rose 5% both Thursday and Friday following the CEO change (Photo: Bloomberg)

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2 min read . Updated: 16 Aug 2022, 08:06 PM IST Joseph Walker, The Wall Street Journal

The activist investor nominated five directors to the medical-products distributor’s board two weeks ago

HTTPS://WWW.WSJ.COM/ARTICLES/ELLIOTT-MANAGEMENT-HAS-LARGE-POSITION-IN-CARDINAL-HEALTH-11660580151 : Activist investor Elliott Management Corp. has a large position in Cardinal Health Inc. and is seeking a handful of seats on the medical-products distributor’s board, according to people familiar with the matter.