NEW YORK – Hedge fund Third Point has become the biggest shareholder in Baxter International and wants to help choose the medical products maker's next CEO.
Third Point said Wednesday it met with Baxter CEO Robert Parkinson and other members of management and discussed the idea of nominating two Third Point-backed directors to seats on the board of directors. It said Baxter was willing to consider the idea.
The Deerfield, Illinois company confirmed it has had talks with Third Point, but didn't comment on any issues that were discussed.
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Third Point said Wednesday it met with Baxter CEO Robert Parkinson and other members of management and discussed the idea of nominating two Third Point-backed directors to seats on the board of directors. It said Baxter was willing to consider the idea.
The Deerfield, Illinois company confirmed it has had talks with Third Point, but didn't comment on any issues that were discussed.
Help employers find you! Check out all the jobs and post your resume.
