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Activist Jana Nominates Directors to Labcorp’s Board

Mac Crawford 

Mac Crawford 

Photographer: Daniel Barry/Bloomberg
Updated on

Jana Partners has nominated directors to the board of Laboratory Corp. of America Holdings, including industry veteran Mac Crawford, as the activist investor seeks changes at the company, according to investors briefed on the matter.

The New York-based hedge fund, which is run by Barry Rosenstein, has held talks with several of Labcorp’s investors to discuss various avenues it wants the company to pursue to improve shareholder value, the investors said, asking not to be identified because the discussions are private. It is unclear how many directors Jana has nominated outside of Crawford, they added.