Lazard Releases 2018 Annual Review of Shareholder Activism
– Record number of companies targeted –
– Record number of first-time activists launch campaigns –
“We have seen a fundamental reshaping of the relationship among
investors, management teams and Directors as shareholder activism has
evolved,” said
The 2018 review includes the following highlights:
- A record 226 companies were targeted by shareholder activists in 2018, compared to 188 companies in 2017
- A record 40 first-time activists launched campaigns in 2018, up 33% from the previous high of 30 in 2016
- Against the backdrop of a robust mergers and acquisitions market, 33% of 2018 activist campaigns were M&A related
- Activist campaigns won 161 Board seats in 2018, up 56% from 2017 and 11% higher than the previous record of 145 seats in 2016
-
Activist campaigns in
Europe and theAsia-Pacific region accounted for 23% and 12% of companies targeted globally, respectively
For the full report, please visit https://www.lazard.com/perspective/.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20190110005102/en/
Source:
Media contact:
Judi Frost Mackey, +1 212 632 1428
judi.mackey@lazard.com
Clare Pickett, +1 212 632 6963
clare.pickett@lazard.com