Is the activist strategy spreading to traditional establishment investors such as BlackRock, Inc. (NYSE:BLK)? Blackrock communicating its desires to AstraZeneca BlackRock, Inc. (NYSE:BLK), the epitome of establishment institutional investing, may be finding its voice. The New York Times is reporting that BlackRock, AstraZeneca plc (ADR) (NYSE:AZN) (LON:AZN)’s largest shareholder, is making public its desire for the drug maker to renew talks with Pfizer Inc. (NYSE:PFE) about a potential deal. Typically conservative institutional investors seldom, if ever, speak against management decisions in the companies in which they were invested. BlackRock, Inc. (NYSE:BLK)’s, which is an 8% owner in AstraZeneca plc (ADR)…
Is Blackrock Going "Activist" With AstraZeneca?
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.