More Companies Facing Multiactivist “Swarms”
Deal Lawyers
SEPTEMBER 10, 2023
This recent Sullivan & Cromwell publication, 2023 Corporate Governance Developments, gives an excellent overview of Board and Committee agenda topics that are relevant right now. On activism-related developments, it highlights this challenging trend: Large-cap companies are increasingly being targeted by multiple activists at the same time (referred to as a “swarm”).
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