A recent surge in shareholder activism was punctuated by a landmark 2013 proxy season with bigger-than-ever targets and tougher tactics that left boards scrambling. But as companies sharpen their focus on the coming year, experts suggest they stay vigilant to avoid second-bite plays from familiar faces.
Companies are increasingly finding themselves in second-bite proxy contests, winding up in an activist's crosshairs again. Most frequently, it's the same rebel shareholder that strikes twice, but sometimes new players emerge to launch the second proxy battle.
Originally published in Law360 on December 05, 2013.
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