When activist investors strike, there’s often a sequel, even if a company has worked to address their concerns.
Boards and managements are often tempted to consider a matter closed, once they have engaged with an activist shareholder group, especially if they have made some concessions. While perhaps understandable, such an approach can backfire, say those who advise companies on working with activist shareholders.
Originally published in Compliance Week on December 17, 2013.
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Topics: Activist, Board of Directors, Corporate Governance, Investors, Settlement, Shareholders, Standstill Agreements
Published In: Business Organization Updates, General Business Updates, Finance & Banking Updates, Mergers & Acquisitions Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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