Suit signals potential consequences for activist investors who rely on the HSR “solely for purposes of investment” exemption.
On April 4, 2016, the U.S. Department of Justice (DOJ) sued certain ValueAct Capital entities...more
4/18/2016
/ Baker Hughes ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
Halliburton ,
Hart-Scott-Rodino Act ,
Investment-Only Exemption ,
Pre-Merger Filing Requirements ,
Shareholder Activism ,
Third Point ,
Yahoo!
As shareholder activists continue to gain access to the boardroom with unprecedented frequency, it is more important than ever for executives and directors to be prepared for the possibility and have strategies in place to...more
Activism has become omnipresent and now targets virtually every industry sector regardless of a company’s size. The number of campaigns are up, the amount of capital allocated to activism is at an all-time high and activists...more
Shareholder rights plans were developed more than 30 years ago to fend off opportunistic hostile offers and other abusive takeover transactions. Rights plans deter unauthorized stock accumulations by imposing substantial...more