As shareholder activism continues to grow in
Europe, companies are taking a more proactive approach to
engagement to ward off corporate raiders.
Traditionally a characteristic of US corporate M&A,
shareholder activism has reached Europe. According to data
produced by Skadden Arps Slate Meagher & Flom, activity in
the $100 million plus category increased from 22 campaigns in
2010 to 54 in 2013.
The $1 billion plus category has grown from 12 campaigns in
2010 to 28 in October 2013.
"The awareness among boards that they may be targeted by an
activist is growing," said Scott Hopkins, partner at Skadden in
London. "Traditionally companies were fairly relaxed about it,
but as it gathers steam they're becoming more proactive."
Shareholder activism is on the rise in Europe, and