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Glenview Capital, CVS Health's major shareholder, plans to meet execs to propose a value enhancement plan amid recent struggles and a 22% share decline.
Glenview Capital, a major shareholder of CVS Health, intends to meet with executives to propose a plan aimed at enhancing the company's value, potentially signaling an activist campaign.
CVS has struggled recently, facing a 22% share decline and three consecutive quarters of lowered guidance, largely due to challenges in its retail pharmacy and insurance sectors.
The company plans to cut $2 billion in expenses as part of its response to these issues.
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Glenview Capital, el principal accionista de CVS Health, planea reunirse con ejecutivos para proponer un plan de mejora de valor en medio de luchas recientes y una disminución del 22% de las acciones.