Interactive Case Study on Shareholder Activism MOCK PROXY BATTLE CONFERENCE Main Event August 31, 2011 Capital One Headquarters, McLean, VA LIMITED NUMBER OF SEATS AVAILABLE A licensed educational product from Hedge Fund Solutions, LLC |
Join us on August 31, 2011 for what's being billed as the fight of the decade!! INTERACTIVE CASE STUDY ON SHAREHOLDER ACTIVISM This is an Interactive Case Study on shareholder activism (Download the Case Study). This case, which is fictional, presents a dilemma facing many boards of directors and managers at publicly traded companies today. ABSTRACT The case describes the efforts of two activist investors (Yuri N. Trubl and D. Mandy More) who have formed an investment group and call themselves The Committee For Value Improvement and Shareholder Accountability. The Committee is attempting to obtain three board seats on WidgeCo's eleven member board and want to persuade the other board members to divest an underperforming business unit and use the proceeds from the transaction to repurchase some of the Company's shares outstanding. WidgeCo's board is not sure whether to concede, fight or attempt to seek middle ground. Each participant will play the role of a board member and will consider analyses presented by management, the dissident investors, institutional shareholders, company advisors and others. In the end, based on the information presented, each board member will recommend to the others how to proceed. PURPOSE To simulate an activist campaign at a mid-sized public company plagued with business and governance issues. Participants will gain a greater understanding of the causes, effects and complexities of shareholder activism, and wrestle with key fiduciary issues as if they were directors of a public firm. BACKGROUND WidgeCo (WIDG) a manufacturer of specialized widgets for the defense, shipping, electronics and food service industries is challenged by flat sales, a declining stock price, an underperforming, overpriced and not-yet integrated acquisition that is the brainchild of the CEO's recently hired heir apparent, and a number of governance issues. ADDITIONAL INFORMATION & REGISTRATION For additional information about the conference and to register (NOTE: Seating is limited to 80 total participants and places are filling up fast!) go to www.niricapital2011.com. AGENDA: Download the Updated Agenda. |