- Cooper Companies ended the strategic review of its CooperSurgical unit after nine months, saying bids were not in shareholders' interest; the board authorized a new $1 billion buyback.
- CooperVision posted flat organic revenue growth in Q3 as the company reduced U.S. channel inventory ahead of fiscal 2027, triggering the guidance cut that pressured the multiple.
- Separately, Superlogic, parent of Bookit, acquired Entravel Group's crypto travel business and Spree, adding 27 crypto institution partners including Kraken and MetaMask, with Animoca Brands becoming a strategic investor.
Quotes
“acquisition offers undervalued the business due to temporary challenges including a new competitor in the non-hormonal IUD space and recent fertility litigation expenses”