Activist investors have the facts on their side in a tussle with Perrigo, but they may want to sharpen their focus. The hedge fund Starboard Value has accumulated a 4.6% stake in the embattled drug company and is urging it to consider selling certain assets, which would reduce leverage and better streamline the company’s portfolio. Perrigo shares rose on the news. Perrigo’s performance certainly has earned it an activist...

Source: Wall Street Journal September 12, 2016 18:22 UTC