Shareholder activism has metamorphosed in the U.S. whereby any public company could be a potential target, notes The Harvard Law School Forum.
Noam Noked, co-editor, HLS Forum on Corporate Governance and Financial Regulation in the recent blog notes in 2013, the number, nature and degree of success of activist campaign gained increased attention, particularly in the well-known large market-capitalization companies.
Factors Aiding Activist Accumulation
Noam Noked attributes several factors contributing to the accumulation of shareholder activism. The activist shareholder is provided with ‘dry powder’ through increased investment in activist investor funds by institutional investors looking for alpha returns.
The activist shareholders are now...
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