Exclusive: Activist investor sends Alere letter calling for unit sales

[riky]

Exclusive: Activist investor sends Alere letter calling for unit sales

By Michael Erman and Soyoung Kim NEW YORK (Reuters) - An activist investor who has been campaigning for change at Alere Inc sent the company a letter on Monday calling for the health diagnostics and services company to sell three of its businesses, which it believes can yield more than $3 billion in proceeds. Coppersmith Capital Management, which holds a 5.8 percent stake in the company, has been pressuring the company to make changes since last month. The hedge fund has nominated a slate of three directors to Alere's board. ...

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