Tag: proxy contest

That was quick — proxy access test drive hits a wall

by Cydney Posner You probably recall that, on November 9, 2016, GAMCO Asset Management Inc. (entity affiliated with activist investor Mario Gabelli) and certain affiliates used the proxy access bylaws recently adopted at National Fuel Gas Company, an NYSE-listed diversified natural gas company, to nominate a candidate for election to the […]

Is a proxy contest preferable to a quick settlement with activists? Some institutional investors think so

by Cydney Posner The obvious tension between the interests of long-term investors, such as institutional shareholders, and short-term investors, principally represented by hedge fund activists, has been the subject of much discussion of late.  Some observers have claimed, as argued in this NYT DealBook column, that the idea behind the financial […]

They spurred the stock buyback phenomenon. Will hedge fund activists now eviscerate R&D?

by Cydney Posner It is widely recognized that one of the primary causes of the current stock buyback phenomenon has been pressure from hedge fund activists. But, as suggested in this NYT DealBook column, the activist playbook is certainly not limited to buybacks and dividends: “[a]s activist hedge funds take […]