Tate & Lyle plc: Barbarians At The Gate?

In addition to following activist investors and their investment targets, many investors ask the question if it is possible to predict which companies will be targeted by activist investors. The motivation to do this is understandable.

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First, once activists are onboard, they will actively influence company and will do all in their power to make sure business value is reflected in the share price.

Second, disclosure of share ownership by activist investors and large hedge funds is moving the shares of company up. Identifying future targets can give investors an extra edge and improve returns. As British economist John Maynard Keynes said,

“Successful investing is anticipating the anticipations of others”

Can this be done? And...