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"Dealing With Activist Hedge Funds"
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Wonder what advice companies receive when investors start agitating for change?
The biggest and baddest corporate cheerleader, attorney Marty Lipton, recently set forth his thoughts on the subject, "Dealing With Activist Hedge Funds", as a memo to clients. He very kindly reproduced it on the Harvard Law School Forum on Corporate Governance blog, always a critical resource for your RSS reader.
We'll save the critique of the memo for later. We do note that for such a prominent and high-paid lawyer it consists mostly of conventional wisdom (create a deal team, monitor trading activity, etc.) that a junior associate could have written. Maybe busy executives and directors need reminding sometimes.
We thought you'd appreciate, though, seeing exactly what one of the most sought-after advisors tells his clients in these situations. |
