Reported 12 months ago
New shareholder activist campaigns have reached a record high globally, with a focus on Asia-Pacific, particularly Japan, according to data from Lazard Inc. The first half of the year saw 147 new activist campaigns, up 7% from the same period last year. Japan led the way with 28 campaigns, including actions by Elliott Investment Management and Oasis Capital. The surge in Japan suggests successful governance reforms, making the market more attractive for international and local activists. While the US saw an increase in campaigns, technology companies were common targets, and real estate also experienced heightened activism. Globally, there is a trend of activists settling with targets privately, avoiding prolonged proxy battles, potentially influenced by regulations like the universal proxy card introduced in 2022.
Source: YAHOO