Elliott Management has a large position in Cardinal Health

Activist Investor Elliott Management occupies an important place in Cardinal Health and is seeking a handful of seats on the medical products distributor’s board, according to people familiar with the matter.

Elliott named five directors to the 11-person board about two weeks ago, before Cardinal abruptly replaced its chief executive last week, the people said. The Wall Street Journal reported last week that activists surrounded Cardinal this year over whether a leadership change could help boost the company’s stock price.


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