Prepared for distribution at The Growth of Activist Investing in Europe conference, this feature article from the June 2014 issue of Activism Monthly Premium attempted to ask the question every one is asking: are US activist investors be on the prowl in Europe?
The answer, predictably, is complicated. While European countries tend to have better shareholder protections than the USA, this has also encouraged a behind-closed-doors approach to engaging with management. Lawyers and activists explain why.
This is unlikely to be the last word on the topic. Indeed, since writing this, I’ve had the good fortune to speak at events organised by ArrowCon Partners, IR Magazine and the IR Society, and to hear feedback from numerous people involved in investing or investor relations. One thing is certain – it’s a space that’s being eagerly watched.