The company, which has seen its revenues fall sharply in recent years, has become
a target of activist investors amid its struggles.
Calgary - based oil and gas producer Talisman Energy has become
the target of an activist investor.
Not exact matches
Costs are both financial, including listing fees and the expenses associated with mandatory disclosures and other regulatory requirements, and less tangible, such as the perceived burden
of quarterly earnings releases, the risk
of being
targeted by
activist investors, and higher visibility that can result in political or competitive pressure.
In crafting it, she took into account board composition and tenure, capital ratio and compensation, working down a checklist
of anything and everything that might make the company an attractive
target for
activist investors.
One
of the largest
activist investors in the world is taking on his biggest
target yet.
With a proxy contest looming,
activist investor Voce Capital has released yet another broadside against
target company FBR & Co., this time in the form
of a comprehensive presentation detailing the rationale behind Voce's campaign and advocating for the election
of the hedge fund's three board candidates.
Nestle is being
targeted by
activist investor Dan Loeb's hedge fund Third Point, which has built a stake
of more than $ US3.5 billion ($ 4.6 billion) in the world's biggest food company.
The company is the
target of two
activist investors, which could help unlock value for shareholders and has led to increased pressure for improving results at Juniper.
A recent study conducted by April Klein and Emanuel Zur on shareholder activism found that stock prices
of companies
targeted by
activist investors earn 10.2 % average returns during the period surrounding an
activist's ownership disclosure and an additional 11.4 % abnormal return during the following year.
• The right
activists: If the median
activist hedge fund
investor essentially breaks even, as the evidence suggests, a blunderbuss approach
of investing in a company
targeted by any
activist investor is unlikely to generate value.
A study by Greenwood and Schor notes that while a strategy
of buying stocks that have been
targeted by
activist investors generates excess returns, almost all
of those returns can be attributed to the subset
of these firms that get taken over in hostile acquisitons.
-LSB-...] recent study conducted by April Klein and Emanuel Zur on shareholder activism found that stock prices
of companies
targeted by
activist investors earn 10.2 % average returns -LSB-...]
Not surprisingly, most
of my efforts to seek out potential buyers, and / or other
activist investors, will (by necessity) happen off - line — rest assured though, I'm already working on a promising
target list
of funds & firms.
Activist investors would not be able to do this if they did not conduct comprehensive research and analysis
of the
target company.
And speaking
of catalysts, it's a brave new world out there for tech companies —
activist investors now have an appetite for
targeting & harrying even the largest
of tech companies to declare a dividend, do a spin - off, buy back shares, or even take on debt.
(Bloomberg)-- Taubman Centers Inc. surged after Jonathan Litt, an
activist investor known for
targeting real estate companies, pushed for the mall owner to cut costs or consider a sale
of the company...