Companies for Response
THE GROWTH OF ACTIVIST INVESTING IN EUROPE
While the majority of activist investor campaigns have historically taken place in the United States, the strategy is growing rapidly in Europe, Australia and even Japan. As forecasts continue to point to a weakening in the European equity markets, US activist investors are starting to eye European companies with more frequency. In 2013 well-known activist investors took positions in UK firms FirstGroup, 3i, Exillon Energy, G4S, and Thorntons.
The mainstream press has extensively covered campaigns against large well-known companies like Dell, Apple, Microsoft, Sony and Yahoo, but much of the recent growth in activist stocks has been in the small-cap sector.
As the trend continues, it becomes more important than ever for company management to understand what may attract an activist to target their company, and what to expect if they become the object of an activist campaign. The Growth of Activist Investing in Europe took place on June 2 in London, and educated European company management on how to position themselves as this trend continues to grow.
- Monday, June 2