Partner Justin Chairman is featured in an Agenda article, commenting on the uptick in settlements between boards of directors and activist investors. Justin noted that interest in settling to avoid a proxy fight would continue and discussed the importance of being ready for potential moves by activists.
“Settlements have become Plan A. Boards generally don’t want to go through the expense, tediousness and embarrassment of a proxy fight,” Justin said.
“It’s never too early to prepare for activist activity. Certainly, at the first sign of what you think might be activist activity, you should assume it’s a full-blown campaign. An early start is imperative.”
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