m&a activism to rise in 2014 - fti consulting/media/files/us-files/...the shareholder...
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The Shareholder Activists’ View: M&A Activism to Rise in 2014
89%of activists
M&A Activism Is on the Rise
M&A Activism Focus – Target or Acquirer
of activists73%
stated they would encourage the acquirer not to purchase
43%of activists
stated they would engage in an offer price increase strategy
45%of activists
stated M&A activism, over all other types, would have the
largest increase in 2014
think M&A
activism will increasein general
87%
of North Americanactivists are findingno shortage of targetsin North America
40%of North Americanactivists are shifting theirfocus outside ofNorth America
by investing in previously commenced activist situations
69% support other activists
26%
and have used social media (e.g., blogs, Twitter) in engagements with companies
already use Twitter
Media’s Influence Public Vs. Private Activism
88%of activists
feel the media has positivelyimpacted activism
Activists estimate only 31% of engagements enter the public domain, but 44% expect that number to increase in 2014
is the most important characteristic of an attractive activism target
63% say negative investor sentiment
Targeting Follow-On Effect
67% expect an increase
in use of social media
M&A Activism Focus – Geographic
Edward BridgesSenior Managing DirectorFTI Consulting — Strategic [email protected]+44 20 7269 7147
Americas Contact:
Steven BaletManaging DirectorFTI Consulting — Strategic [email protected]+1 212 850 5735
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Research Methodology:
The Strategic Communications segment at FTI Consulting conducted in-depth interviews among activist investors between March 1 and March 19, 2014.
The survey sample consisted of economic activist funds that have been engaged in over 500 activist situations.
For more information, visit: http://activistinsight.com and http://fticonsulting.com/activism.
EMEA Contacts:
Adam RichesSales ExecutiveActivist [email protected]+44 207 129 1314