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Stock impact report

Activist Pineal Capital pushes Teladoc to consider split, other changes to boost value [Yahoo! Finance]

Teladoc Health, Inc. (TDOC) 
Last teladoc health, inc. earnings: 4/29 04:05 pm Check Earnings Report
US:NYSE Investor Relations: ir.teladoc.com/investors/default.aspx
Company Research Source: Yahoo! Finance
for cost cuts and ?a potential breakup of the telehealth provider to unlock shareholder value. In an ?open letter to the board, Pineal said Teladoc should authorize a share repurchase program of at ?least $200 million, arguing the company's balance sheet is "under-levered". Teladoc's stock has lost about 98% of its value from its pandemic high in February 2021 - a plunge the activist investor highlighted in its open letter to the company's board as it criticized ?the lack of share buybacks. The ?shares closed up 6% after Pineal's letter. A spokesperson for Teladoc said the company continues to engage proactively with its shareholders and ?appreciates the constructive dialogue with them. In the letter, Pineal called for a full strategic review, including exploring a separation of Teladoc's two core businesses - Integrated Care, which ?provides virtual ?primary care and chronic condition management services, ?and BetterHelp, through a sale ?or spin-off. It said the current s Show less Read more
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