Masimo activist Politan laid out its renewed case for change in a push to win two more board seats at the medical device company.
The activist says that with proper governance, the company could show a $10 billion increase in shareholder value. Its current market cap is $7 billion. While Kiani has continued to claim that the tie-up would help Masimo bring its medical tech into homes, the company said in March that it would heed investor concerns and
Kiani told CNBC earlier this year that a third party was interested in a joint venture, but he didn't provide specifics. Koffey said that he and Masimo's board were told the name of the potential partner only after a tentative deal had been signed. Shareholders still haven't been informed.
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