“Anti” M&A Activism
While the absolute number of companies publicly facing activist demands regarding M&A transactions decreased in 2021 vs. 2020, M&A activism represented an increased share of overall economic demands of activists in 2021. Although the relative count of M&A activism was on the rise this year, the form of activism has changed notably from years past. Many of the significant M&A activism situations in 2021 have been reactive-that is, instead of pushing for boards to consider a transaction, activists have responded to publicly announced transactions by pushing for shareholders to vote down a deal, or for boards […]
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