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With all the hot activist investing news these days about Pepsi, Allergan, Sotheby's, Darden, and the rest, it's easy to overlook that a lot of activist projects involve smaller companies.
We ran some figures on this subject. Based on our cursory analysis, activism at small cap companies outperforms that at larger companies. We think it has to do with how much (or little) a small cap company knows about activism and corp gov.
We set forth the figures, and the reasoning behind them, in a current blog post.
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