Business

Mass. Movers

Activist says Alere could double stock value

Alere’s focus areas include pregnancy and women’s health. Above, a Healthy Maternity celebration in Peru.

Enrique Castro-Mendivil/Reuters

Alere’s focus areas include pregnancy and women’s health. Above, a Healthy Maternity celebration in Peru.

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The activist shareholder battling Alere Inc.’s management said investors could more than double the value of the stock if they back a plan for the health diagnostics and services provider to sell noncore assets. Coppersmith Capital Management, with a 7 percent stake, made the claim ahead of the Aug. 7 annual meeting, Reuters reported. Four of the 10 board seats are up for grabs; Coppersmith is challenging the company’s nominees. Alere says it has its own restructuring plan.

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