This study also found that the abnormal return of activist
targets during the subsequent year was even greater, roughly 11 %, confirming that activists generate returns significantly beyond the initial market reaction.
Not exact matches
Under the Apotheker Agreement, Mr. Apotheker will receive base pay of $ 1.2 million, which amount is fixed for his first two
years of service but may be reduced
during the
subsequent two
years under certain circumstances, and a
target annual bonus of 200 % of base pay.
Instead, hedge fund
targets earn an additional 11.4 % abnormal return
during the
subsequent year, and other activist
targets realize a 17.8 % abnormal return over the
year following the activists» interventions.