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Relational Investors, which is run by activist investor Ralph Whitworth, raises its stake in Par...
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Monday, May 7, 2012, 10:08 AM ETRelational Investors, which is run by activist investor Ralph Whitworth, raises its stake in Par Pharmaceutical (PRX +1.7%) and says the generic drug company should focus on selling itself. "Specifically, (Relational is) confident that substantial cost savings could be achieved in a transaction with a strategic buyer," the firm says.
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