Activist investor sees Alere shares soaring if asset sales plan adopted

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Activist investor sees Alere shares soaring if asset sales plan adopted

By Soyoung Kim and Greg Roumeliotis NEW YORK (Reuters) - An activist shareholder, which has been battling Alere Inc's management, said investors could more than double the value of their stock if they backed a plan for the health diagnostics and services provider to offload assets. Coppersmith Capital Management LLC, which has a roughly 7 percent stake in Alere, made the claim in a letter to Alere investors, viewed by Reuters, ahead of an August 7 annual shareholder meeting, where four of the 10 seats in its board of directors are up for grabs. ...

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