Financial Institutions Are Particularly Common Targets For Activist InvestorsThe dispute between Petrus Advisers and Aareal Bank is one of the top 100 campaigns by activist investors worldwide. This case is typical in two respects. 17 January 2022
Yasmin Osman of the Handelsblatt covers SquareWell’s latest activism study as part of her story regarding the fight between Petrus Advisers and Aareal Bank.
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Activist investors are expected to launch more and bolder campaigns for change among European companies in the year ahead, advisers told Reuters, after a record number in 2023.
AQTION, a subsidiary of SquareWell Partners, published its inaugural study – ‘Stewardship in AQTION’ – which details how the world’s largest 65 asset managers and owners steward their portfolio companies and how they incorporate extra-financial considerations into their investment decision-making processes.
Carl Icahn is preparing for a second board battle at gene-sequencing company Illumina after shareholders elected his candidate, Andrew Teno, to the company’s board and ousted the chairman, John Thompson, in May. Icahn then successfully pushed out former CEO Frances DeSouza in June.