Monday, June 13, 2011

2011 Mid-Year Shareholder Activism Update

Click here to download our 2011 Mid-Year Shareholder Activism Update.
Brief summary of this report:
  • So far this year, shareholder activism has declined by about 15% compared to 2010 
  • More than half of all activist campaigns this year (total 142) have been related to M&A or  cash allocation (including dividend distributions and share repurchases) 
  • 25 campaigns have ended in a shareholder vote. Of these, dissidents won 9 and management won 16
  • 27 campaigns have ended in a settlement resolution between the dissident and the corporation
  • Bulldog Investors continue to maintain their top position on our list of most active activist investors with 9 closed-end funds targeted so far this year   
This report also features a comprehensive review of 60+ current activist campaigns, 2011 settlement agreements, campaigns that have ended in a shareholder vote and the activist situations that ended because the dissident withdrew from the campaign.

Click here to download