NEW YORK/BOSTON: U.S. healthcare plan and pharmacy benefits manager Magellan Health Inc is nearing an agreement with Starboard Value LP to expand the size of its board by several seats, including a representative from the activist hedge fund, three sources familiar with the matter said on Thursday.Starboard, which owns 9.
Reuters reported that Magellan, which has a market capitalization of about US$1.6 billion, would explore a sale after facing pressure from Starboard.
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