Activist investor Jana Partners takes stake in medical device maker Cooper Companies, WSJ says

Core Viewpoint - Activist investor Jana Partners has acquired a stake in Cooper Companies and is advocating for the company to explore strategic options to enhance shareholder value [1][2] Group 1: Investor Actions - Jana Partners intends to push Cooper Companies to improve its capital allocation strategies to boost returns [1] - The hedge fund may suggest a merger of Cooper's contact-lens business with competitor Bausch + Lomb [2] Group 2: Company Performance - Cooper Companies recently reduced its full-year revenue outlook due to weaker demand in certain markets [2] - The company's stock has declined nearly 22% this year [2]