Relational Investors, which is run by activist investor Ralph Whitworth, raises its stake in Par...

|About: Par Pharmaceutical Compan... (PRX)|By:, SA News Editor

Relational 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.