U.S. activist investing is increasing at a historic pace, with the flow of money now getting so large that evidence suggests that even the once untouchable Goliath corporations are now targets. Such activity has significantly benefited a little discussed business segment: the activist defense industry.
There have been more activist campaigns against corporations in the S&P 500 in 2014 than at any other full year, a Factset report notes, with 29 total campaigns eclipsing the total year activity in 2006, when the company first started tracking such behavior.
Investments banks involved in activist defense cases
Who are the top firms...