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Corporate

Nov. 12, 2019

Activism in 2019: Late in the stages of an economic cycle

We will shortly be entering the 11th year of the current bull market. Over that period, there has been a dramatic rise in shareholder activism, in which a hedge fund or other investors approach a public company and seek to drive change, such as a sale of the company, spin-off of a division, or operational improvements.

Derek Zaba

Partner
Sidley Austin LLP

Email: dzaba@sidley.com

Derek co-chairs of the firm's Shareholder Activism practice. Derek devotes 100% of his time to shareholder activism defense and proxy contests.

Kai H.E. Liekefett

Partner
Sidley Austin LLP

Email: kliekefett@sidley.com

Kai co-chairs of the firm's Shareholder Activism practice. Kai devotes 100% of his time to shareholder activism defense and proxy contests.

We will shortly be entering the 11th year of the current bull market. Over that period, there has been a dramatic rise in shareholder activism, in which a hedge fund or other investors approach a public company and seek to drive change, such as a sale of the company, spin-off of a division, or operational improvements. Over that time the institutional investor and proxy voting community's views of activism have also evolved. Proxy voting teams at index funds are empow...

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