Activist Campaigns At Financial Companies Soar by Activist Insights
The number of companies in the financial sector targeted by activists worldwide grew by 50% from 2014 to 2015, and interest remains high going into 2016. Indeed, 40% of the US companies subjected to activist demands in 2016 are classed as financial stocks.
According to data collected by research firm Activist Insight, 108 financial companies were subjected to public demands by activists last year, up from 72 in both 2014 and 2013. The number of companies subjected to public demands in 2010-2012 were 40, 44 and 59 consecutively.
The banking industry has been the most frequently targeted, reflecting the prevalence of a number of specialized funds which operate in...
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