By Jessica DiNapoli and Svea Herbst-Bayliss
NEWYORK/BOSTON (Reuters) – U.S. healthcare plan and pharmacy benefits manager Magellan Health Inc. is nearing a settlement with Starboard Value LP to expand its board of directors by several seats, including with a Starboard representative, three sources familiar with the matter said on Thursday.
Magellan did not respond to a request for comment. Starboard declined to comment.
(Reporting by Jessica DiNapoli and Svea Herbst-Bayliss in New York; editing by Grant McCool)