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Shareholder Activism Shareholder Rights

Venable LLP

Protecting Closed-End Investment Companies under Maryland Law

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Closed-end investment companies registered under the Investment Company Act of 1940, as amended (the "1940 Act"), have proven to be a product sought by many investors, especially individuals. Despite their appeal to long-term...more

K2 Integrity

[Webinar] Corporate Activism in the U.S., U.K., Europe, and Asia – Different Regions, Different Goals - January 10th, 7:00 am PT

K2 Integrity on

2023 was a mixed year for corporate activism. Although there was a small increase in the number of campaigns, the rise in interest rates to levels not seen since the early aughts cooled the trend of M&A activism....more

Stikeman Elliott LLP

Shareholder Activism and Shareholders’ Rights in Canadian Private and Public Companies: An Overview

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A Q&A guide to the use of shareholder activism in Canada. The Q&A gives a high-level overview of the use and goals of shareholder activism, the regulation of shareholder activism, and the strategies and tools used by...more

Stikeman Elliott LLP

Shareholder Activism and Shareholders’ Rights in Private and Public Companies in Canada Overview

Stikeman Elliott LLP on

A Q&A guide to the use of shareholder activism in Canada. The Q&A gives a high-level overview of the use and goals of shareholder activism, the regulation of shareholder activism, and the strategies and tools used by...more

Jones Day

Delaware Chancery Court Strikes 5% Poison Pill With "Extreme" Features

Jones Day on

The Background: The Delaware Chancery Court held that a board of directors breached its fiduciary duties in adopting a shareholder rights plan, or "poison pill," with an unprecedented combination of "extreme" features,...more

Skadden, Arps, Slate, Meagher & Flom LLP

Delaware Court Enjoins an ‘Extreme’ Stockholder Rights Plan

On February 26, 2021, Vice Chancellor Kathaleen S. McCormick of the Delaware Court of Chancery permanently enjoined a stockholder rights plan — or so-called “poison pill” — with a 5% trigger that The Williams Companies, Inc....more

Skadden, Arps, Slate, Meagher & Flom LLP

Activists Take Another $290 Million Bite Out of Vulnerable Closed-End Fund Asset Class

On June 14, 2019, Saba Capital Management, L.P. (Saba) entered into three standstill agreements with Invesco Advisers, Inc. (Invesco) and three Invesco-managed registered closed-end funds. The agreements arose from proxy...more

Hogan Lovells

Shareholder litigation in M&A — what you should watch out for

Hogan Lovells on

We’ve put lawyers from our offices in Spain, France, Germany, the Netherlands, and the U.S. on the spot. Having got them thinking about when they’ve been up against shareholders in M&A litigation, we asked for pointers you...more

Skadden, Arps, Slate, Meagher & Flom LLP

"Activist Investing in Europe: A Special Report (September 2016)"

This report offers an overview of the state of activism in Europe, as well as country-specific profiles for the United Kingdom, France, Germany, Italy and Switzerland, including information and commentary on noteworthy...more

Latham & Watkins LLP

The Resilient Rights Plan: Recent Poison Pill Developments and Trends

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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

Skadden, Arps, Slate, Meagher & Flom LLP

"Navigating Today’s Shareholder Activism Landscape: What Companies Should Consider"

Shareholder activism is the corporate topic du jour, be it in boardrooms, the media or Washington, D.C. While corporate boards and management need to understand the current environment and how we got here, their top priority...more

Morrison & Foerster LLP

Shareholder Activism in Germany Following Takeover Announcements

Over the past few years there has been a noticeable increase in the frequency of activist investors building up considerable stakes in German listed companies in the context of public takeovers. One reason for this...more

King & Spalding

Lead Director Networks: Viewpoints - April 2014

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Dealing with shareholder activism - On March 4, 2014, Lead Director Network (LDN)1 members met in New York City to discuss shareholder activism. Ralph Whitworth, founder, principal, and investment committee member of...more

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