Wachtell Lipton's "Dealing with Activist Hedge Funds and Other Activist Investors" provides a sobering but realistic checklist of action items and processes companies should consider to mitigate the potential for - or respond to - a hedge fund activist attack. Suggested advance preparation tactics include creating a standing internal "shareholder activism management" team, ongoing and extensive shareholder relations activities, and board positioning/readiness. Instructive response tips cover both non-public and public activist communications.
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Access additional information & resources on our Shareholder Activism page. This post first appeared in the weekly Society Alert!
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